Duke Realty Corporation (NYSE:DRE) – Equities research analysts at DA Davidson cut their Q3 2017 earnings estimates for Duke Realty Corporation in a report released on Friday. DA Davidson analyst B. Oxford now expects that the real estate investment trust will post earnings per share of $0.26 for the quarter, down from their previous forecast of $0.27. DA Davidson also issued estimates for Duke Realty Corporation’s Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.38 EPS and FY2019 earnings at $1.49 EPS.
Duke Realty Corporation (NYSE:DRE) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. The business had revenue of $165.84 million for the quarter, compared to analyst estimates of $185.25 million. During the same period last year, the business earned $0.30 EPS. COPYRIGHT VIOLATION NOTICE: “Analysts Issue Forecasts for Duke Realty Corporation’s Q3 2017 Earnings (DRE)” was first published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://transcriptdaily.com/2017/10/09/analysts-issue-forecasts-for-duke-realty-corporations-q3-2017-earnings-dre.html.
A number of other research analysts have also recently commented on the stock. BidaskClub cut shares of Duke Realty Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Morgan Stanley boosted their target price on shares of Duke Realty Corporation from $29.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Barclays PLC reduced their target price on shares of Duke Realty Corporation from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Bank of America Corporation cut shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $32.00 to $30.00 in a research report on Friday, June 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $29.45.
Shares of Duke Realty Corporation (DRE) opened at 29.01 on Monday. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 7.15 and a beta of 0.93. Duke Realty Corporation has a one year low of $22.97 and a one year high of $30.14. The stock has a 50 day moving average of $29.31 and a 200-day moving average of $28.30.
In other news, EVP Peter D. Harrington sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total transaction of $866,100.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. raised its holdings in Duke Realty Corporation by 4,741.6% in the second quarter. Bessemer Group Inc. now owns 3,728 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 3,651 shares in the last quarter. First Personal Financial Services raised its holdings in Duke Realty Corporation by 1.2% in the second quarter. First Personal Financial Services now owns 3,931 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 46 shares in the last quarter. Advisor Group Inc. raised its holdings in Duke Realty Corporation by 0.3% in the second quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 12 shares in the last quarter. Toronto Dominion Bank raised its holdings in Duke Realty Corporation by 12.6% in the second quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 488 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new stake in Duke Realty Corporation in the first quarter valued at $132,000. 93.65% of the stock is currently owned by hedge funds and other institutional investors.
Duke Realty Corporation 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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