Duke Realty Corporation (DRE) Price Target Cut to $31.00

Duke Realty Corporation (NYSE:DRE) had its target price lowered by Robert W. Baird from $32.00 to $31.00 in a research note issued to investors on Tuesday. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 8.85% from the company’s current price.

DRE has been the topic of several other research reports. Zacks Investment Research upgraded shares of Duke Realty Corporation from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Monday. BMO Capital Markets set a $30.00 price target on shares of Duke Realty Corporation and gave the company a “hold” rating in a research report on Wednesday, October 25th. J P Morgan Chase & Co downgraded shares of Duke Realty Corporation from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Tuesday, September 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $31.00 target price on shares of Duke Realty Corporation in a research report on Thursday, September 21st. Finally, BidaskClub upgraded shares of Duke Realty Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Duke Realty Corporation currently has a consensus rating of “Hold” and a consensus price target of $29.55.

Duke Realty Corporation (NYSE:DRE) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Duke Realty Corporation had a net margin of 178.66% and a return on equity of 6.36%. The firm had revenue of $169.61 million during the quarter, compared to analysts’ expectations of $168.75 million. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was up 4.5% on a year-over-year basis.

ILLEGAL ACTIVITY NOTICE: “Duke Realty Corporation (DRE) Price Target Cut to $31.00” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.com-unik.info/2017/11/02/duke-realty-corporation-dre-price-target-cut-to-31-00.html.

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Duke Realty Corporation by 0.4% during the second quarter. Vanguard Group Inc. now owns 57,188,532 shares of the real estate investment trust’s stock worth $1,598,419,000 after buying an additional 237,017 shares during the period. BlackRock Inc. raised its stake in Duke Realty Corporation by 8.6% in the second quarter. BlackRock Inc. now owns 45,922,413 shares of the real estate investment trust’s stock valued at $1,283,532,000 after buying an additional 3,652,025 shares in the last quarter. State Street Corp raised its stake in Duke Realty Corporation by 0.4% in the second quarter. State Street Corp now owns 18,201,618 shares of the real estate investment trust’s stock valued at $508,725,000 after buying an additional 76,304 shares in the last quarter. Daiwa Securities Group Inc. raised its stake 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 in the last quarter. Finally, Northern Trust Corp raised its stake in Duke Realty Corporation by 10.7% in the second quarter. Northern Trust Corp now owns 5,491,114 shares of the real estate investment trust’s stock valued at $153,477,000 after buying an additional 531,415 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations 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