Trade Report: Today: Duke Realty Corp. (DRE) Raised to Outperform at Robert W. Baird

Today: Duke Realty Corp. (DRE) Raised to Outperform at Robert W. Baird

Duke Realty Corp. (NYSE:DRE) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $30.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price objective would indicate a potential upside of 20.10% from the stock’s current price.

Several other equities research analysts also recently commented on the company. Mizuho reduced their target price on Duke Realty Corp. from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, October 28th. Royal Bank Of Canada upped their target price on Duke Realty Corp. from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, August 1st. Stifel Nicolaus upped their target price on Duke Realty Corp. from $28.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Morgan Stanley reaffirmed a “buy” rating and set a $31.00 target price on shares of Duke Realty Corp. in a report on Wednesday, September 7th. Finally, BTIG Research initiated coverage on Duke Realty Corp. in a report on Thursday, August 25th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.15.

Shares of Duke Realty Corp. (NYSE:DRE) opened at 24.98 on Monday. The stock’s 50 day moving average price is $25.07 and its 200-day moving average price is $26.08. The stock has a market cap of $8.86 billion, a PE ratio of 30.39 and a beta of 1.02. Duke Realty Corp. has a one year low of $18.52 and a one year high of $28.99.

Duke Realty Corp. (NYSE:DRE) last announced its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. Duke Realty Corp. had a return on equity of 8.46% and a net margin of 32.10%. The business earned $226.19 million during the quarter, compared to the consensus estimate of $201.81 million. During the same period in the prior year, the business posted $0.29 earnings per share. Duke Realty Corp.’s revenue was down 3.6% compared to the same quarter last year. On average, equities analysts predict that Duke Realty Corp. will post $1.20 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 16th will be given a $0.19 dividend. This is a positive change from Duke Realty Corp.’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Monday, November 14th. Duke Realty Corp.’s dividend payout ratio is presently 92.68%.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Howe & Rusling Inc. raised its position in shares of Duke Realty Corp. by 193.2% in the second quarter. Howe & Rusling Inc. now owns 4,075 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 2,685 shares during the last quarter. IFP Advisors Inc raised its position in shares of Duke Realty Corp. by 167.1% in the second quarter. IFP Advisors Inc now owns 4,226 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 2,644 shares in the last quarter. Advisor Group Inc. raised its position in shares of Duke Realty Corp. by 42.9% in the third quarter. Advisor Group Inc. now owns 5,106 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 1,534 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of Duke Realty Corp. during the third quarter worth approximately $161,000. Finally, Quadrant Capital Group LLC raised its position in shares of Duke Realty Corp. by 2.5% in the second quarter. Quadrant Capital Group LLC now owns 6,365 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 157 shares in the last quarter. 94.86% of the stock is currently owned by institutional investors.

Duke Realty Corp. Company Profile

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