Equities Analysts Issue Forecasts for Duke Realty Corporation’s Q3 2017 Earnings (DRE)

Duke Realty Corporation (NYSE:DRE) – Research analysts at DA Davidson dropped their Q3 2017 EPS estimates for Duke Realty Corporation in a research report issued on Friday. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will post earnings per share of $0.26 for the quarter, down from their prior 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.

A number of other research analysts also recently commented on DRE. J P Morgan Chase & Co downgraded Duke Realty Corporation from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Tuesday, September 26th. Zacks Investment Research downgraded Duke Realty Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 price target on shares of Duke Realty Corporation in a research note on Thursday, September 21st. BidaskClub raised Duke Realty Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Finally, BMO Capital Markets assumed coverage on Duke Realty Corporation in a research note on Monday, September 11th. They issued a “market perform” rating and a $30.00 price target for the company. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Duke Realty Corporation presently has a consensus rating of “Hold” and a consensus target price of $29.45.

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Shares of Duke Realty Corporation (NYSE:DRE) opened at 28.90 on Monday. Duke Realty Corporation has a 12 month low of $22.97 and a 12 month high of $30.14. The firm has a market cap of $10.28 billion, a PE ratio of 7.12 and a beta of 0.93. The company’s 50 day moving average is $29.30 and its 200-day moving average is $28.38.

Duke Realty Corporation (NYSE:DRE) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $165.84 million during the quarter, compared to analysts’ expectations of $185.25 million. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. During the same quarter last year, the company posted $0.30 EPS.

Several institutional investors have recently added to or reduced their stakes in DRE. UBS Asset Management Americas Inc. increased its stake in shares of Duke Realty Corporation by 14.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,389,014 shares of the real estate investment trust’s stock valued at $36,489,000 after buying an additional 173,024 shares during the period. TD Asset Management Inc. increased its stake in shares of Duke Realty Corporation by 4.9% in the first quarter. TD Asset Management Inc. now owns 21,382 shares of the real estate investment trust’s stock valued at $562,000 after buying an additional 1,000 shares during the period. Pacer Advisors Inc. increased its stake in shares of Duke Realty Corporation by 3.3% in the first quarter. Pacer Advisors Inc. now owns 7,776 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 251 shares during the period. United Services Automobile Association increased its stake in shares of Duke Realty Corporation by 30.1% in the first quarter. United Services Automobile Association now owns 176,742 shares of the real estate investment trust’s stock valued at $4,643,000 after buying an additional 40,844 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Duke Realty Corporation by 187.9% in the first quarter. Teachers Advisors LLC now owns 1,178,497 shares of the real estate investment trust’s stock valued at $30,959,000 after buying an additional 769,159 shares during the period. 93.65% of the stock is owned by institutional investors.

In other Duke Realty Corporation news, EVP Peter D. Harrington sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $28.87, for a total transaction of $866,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

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)

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