Wall Street brokerages forecast that Duke Realty Corp (NYSE:DRE) will announce earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Duke Realty’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.30. Duke Realty posted earnings of $0.32 per share during the same quarter last year, which would indicate a negative year over year growth rate of 9.4%. The business is expected to report its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Duke Realty will report full-year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.24 to $1.29. For the next financial year, analysts anticipate that the firm will report earnings of $1.37 per share, with EPS estimates ranging from $1.33 to $1.40. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Duke Realty.
DRE has been the topic of several recent analyst reports. BMO Capital Markets set a $30.00 target price on Duke Realty and gave the company a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised Duke Realty from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, October 30th. Robert W. Baird reduced their target price on Duke Realty from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. Citigroup raised Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Thursday, December 14th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $31.00 price objective on shares of Duke Realty in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $29.82.
Shares of Duke Realty (DRE) traded down $0.15 during trading hours on Friday, reaching $25.73. The company had a trading volume of 824,494 shares, compared to its average volume of 3,159,927. Duke Realty has a 12 month low of $24.48 and a 12 month high of $30.14. The firm has a market cap of $9,238.89, a price-to-earnings ratio of 20.87, a P/E/G ratio of 4.68 and a beta of 0.77. The company has a quick ratio of 3.23, a current ratio of 4.43 and a debt-to-equity ratio of 0.53.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Wednesday, February 14th. Duke Realty’s dividend payout ratio is presently 17.54%.
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Duke Realty Company Profile
Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments.
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