Duke Realty (DRE) Rating Reiterated by Barclays

Duke Realty (NYSE:DRE)‘s stock had its “hold” rating reiterated by equities researchers at Barclays in a note issued to investors on Tuesday. They currently have a $25.00 price target on the real estate investment trust’s stock. Barclays’ price target indicates a potential downside of 4.73% from the company’s current price.

DRE has been the topic of several other reports. Zacks Investment Research cut Duke Realty from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Royal Bank of Canada cut Duke Realty from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $29.00 to $31.00 in a research note on Wednesday, January 3rd. ValuEngine cut Duke Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. JPMorgan Chase raised Duke Realty from an “underweight” rating to a “neutral” rating in a report on Tuesday, March 27th. Finally, DA Davidson reissued a “neutral” rating on shares of Duke Realty in a report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Duke Realty presently has an average rating of “Hold” and a consensus price target of $29.82.

Shares of DRE traded up $0.30 during mid-day trading on Tuesday, hitting $26.24. 986,638 shares of the company’s stock traded hands, compared to its average volume of 2,752,653. The company has a debt-to-equity ratio of 0.53, a quick ratio of 4.43 and a current ratio of 4.43. Duke Realty has a 1 year low of $24.30 and a 1 year high of $30.14. The stock has a market capitalization of $9,181.77, a PE ratio of 21.18, a price-to-earnings-growth ratio of 4.64 and a beta of 0.72.

Duke Realty (NYSE:DRE) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.13). Duke Realty had a net margin of 197.59% and a return on equity of 6.28%. The business had revenue of $179.39 million for the quarter, compared to analysts’ expectations of $175.00 million. research analysts forecast that Duke Realty will post 1.27 EPS for the current fiscal year.

In other Duke Realty news, Director Charles R. Eitel sold 5,242 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.96, for a total value of $130,840.32. Following the transaction, the director now owns 4,927 shares of the company’s stock, valued at $122,977.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

A number of hedge funds have recently bought and sold shares of DRE. AEW Capital Management L P lifted its holdings in Duke Realty by 665.5% in the fourth quarter. AEW Capital Management L P now owns 2,462,600 shares of the real estate investment trust’s stock valued at $67,007,000 after acquiring an additional 2,140,900 shares during the period. BlackRock Inc. lifted its holdings in Duke Realty by 3.1% in the fourth quarter. BlackRock Inc. now owns 38,099,284 shares of the real estate investment trust’s stock valued at $1,036,682,000 after acquiring an additional 1,148,918 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Duke Realty by 11,053.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 780,718 shares of the real estate investment trust’s stock valued at $21,243,000 after acquiring an additional 773,718 shares during the period. Neuberger Berman Group LLC lifted its holdings in Duke Realty by 1,790.3% in the third quarter. Neuberger Berman Group LLC now owns 646,779 shares of the real estate investment trust’s stock valued at $18,640,000 after acquiring an additional 612,564 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Duke Realty by 40.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,534,745 shares of the real estate investment trust’s stock valued at $41,759,000 after acquiring an additional 443,176 shares during the period. 94.05% of the stock is currently owned by institutional investors.

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Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 146 million rentable square feet of industrial assets in 21 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index. More information about Duke Realty Corporation is available at www.dukerealty.com.

Analyst Recommendations for Duke Realty (NYSE:DRE)

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