Equities Analysts Offer Predictions for Duke Realty Corporation’s Q3 2017 Earnings (NYSE:DRE)

Duke Realty Corporation (NYSE:DRE) – Investment analysts at DA Davidson issued their Q3 2017 earnings estimates for Duke Realty Corporation in a research report issued on Thursday. DA Davidson analyst B. Oxford expects that the real estate investment trust will earn $0.27 per share for the quarter. DA Davidson also issued estimates for Duke Realty Corporation’s Q4 2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.32 EPS.

DRE has been the subject of several other reports. Barclays PLC raised their price objective on shares of Duke Realty Corporation from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 19th. Bank of America Corporation cut shares of Duke Realty Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $32.00 to $30.00 in a research report on Friday, June 23rd. BidaskClub cut shares of Duke Realty Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $30.00 price target on shares of Duke Realty Corporation in a research report on Wednesday, June 7th. Finally, Stifel Nicolaus lifted their price target on shares of Duke Realty Corporation from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $28.73.

TRADEMARK VIOLATION WARNING: “Equities Analysts Offer Predictions for Duke Realty Corporation’s Q3 2017 Earnings (NYSE:DRE)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/08/19/equities-analysts-offer-predictions-for-duke-realty-corporations-q3-2017-earnings-nysedre-updated-updated.html.

Duke Realty Corporation (NYSE DRE) opened at 28.59 on Monday. The stock has a market capitalization of $10.17 billion, a PE ratio of 7.05 and a beta of 0.94. The company’s 50 day moving average is $28.17 and its 200-day moving average is $27.09. Duke Realty Corporation has a 1-year low of $22.97 and a 1-year high of $29.25.

Duke Realty Corporation (NYSE:DRE) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $165.84 million during the quarter, compared to analysts’ expectations of $185.25 million. During the same period in the previous year, the company earned $0.30 EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Korea Investment CORP raised its position in Duke Realty Corporation by 30.9% in the second quarter. Korea Investment CORP now owns 576,061 shares of the real estate investment trust’s stock valued at $16,101,000 after buying an additional 136,058 shares during the last quarter. Texas Permanent School Fund raised its position in Duke Realty Corporation by 0.9% in the second quarter. Texas Permanent School Fund now owns 259,620 shares of the real estate investment trust’s stock valued at $7,256,000 after buying an additional 2,194 shares during the last quarter. World Asset Management Inc raised its position in Duke Realty Corporation by 2.1% in the second quarter. World Asset Management Inc now owns 28,646 shares of the real estate investment trust’s stock valued at $801,000 after buying an additional 581 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Duke Realty Corporation by 30.5% in the second quarter. Daiwa Securities Group Inc. now owns 8,109,890 shares of the real estate investment trust’s stock valued at $226,671,000 after buying an additional 1,894,749 shares during the last quarter. Finally, Bessemer Group Inc. raised its position 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 buying an additional 3,651 shares during the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jack R. Shaw sold 4,803 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $27.57, for a total value of $132,418.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter M. Scott III sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $28.25, for a total transaction of $70,625.00. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Wednesday, August 16th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Monday, August 14th. Duke Realty Corporation’s payout ratio is 18.86%.

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.

Earnings History and Estimates for Duke Realty Corporation (NYSE:DRE)

What are top analysts saying about Duke Realty Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Duke Realty Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit