Duke Realty Corp (NYSE:DRE) – Analysts at Oppenheimer Holdings issued their Q1 2018 earnings per share (EPS) estimates for Duke Realty Corp in a research report issued on Tuesday, according to Zacks Investment Research. Oppenheimer Holdings analyst S. Manaker anticipates that the real estate investment trust will post earnings per share of $0.32 for the quarter. Oppenheimer Holdings also issued estimates for Duke Realty Corp’s Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.37 EPS.
Duke Realty Corp (NYSE:DRE) last issued its quarterly earnings results on Wednesday, January 25th. The real estate investment trust reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $204.26 million for the quarter, compared to the consensus estimate of $205.04 million. Duke Realty Corp had a return on equity of 9.27% and a net margin of 34.60%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS.
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Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Duke Realty Corp from a “sell” rating to a “hold” rating in a report on Thursday, April 6th. Barclays PLC raised their target price on Duke Realty Corp from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday. Stifel Nicolaus cut their price objective on Duke Realty Corp from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, January 27th. BMO Capital Markets reissued a “hold” rating and set a $28.00 price objective on shares of Duke Realty Corp in a report on Monday, March 20th. Finally, Mizuho raised Duke Realty Corp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $27.00 to $28.00 in a report on Monday, February 6th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $28.58.
Shares of Duke Realty Corp (NYSE:DRE) traded up 0.43% on Thursday, reaching $27.73. The company’s stock had a trading volume of 1,553,931 shares. Duke Realty Corp has a 1-year low of $21.11 and a 1-year high of $28.99. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 31.40 and a beta of 0.93. The company’s 50 day moving average is $26.35 and its 200-day moving average is $25.78.
Institutional investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. acquired a new position in shares of Duke Realty Corp during the fourth quarter worth $130,000. Advisor Group Inc. increased 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 during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Duke Realty Corp during the fourth quarter worth $141,000. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in shares of Duke Realty Corp during the third quarter worth $161,000. Finally, Quadrant Capital Group LLC increased its position in shares of Duke Realty Corp by 10.4% in the first quarter. Quadrant Capital Group LLC now owns 7,020 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 660 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.
In other Duke Realty Corp news, Director Charles R. Eitel sold 5,246 shares of Duke Realty Corp stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $25.52, for a total transaction of $133,877.92. Following the completion of the transaction, the director now owns 4,949 shares in the company, valued at approximately $126,298.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.
Duke Realty Corp 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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