Duke Realty (DRE) Now Covered by Analysts at Goldman Sachs Group

Equities research analysts at Goldman Sachs Group assumed coverage on shares of Duke Realty (NYSE:DRE) in a research note issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the real estate investment trust’s stock.

Several other research firms also recently commented on DRE. BMO Capital Markets reiterated a “buy” rating and set a $30.00 price objective on shares of Duke Realty in a research note on Wednesday, January 30th. BTIG Research lifted their price objective on shares of Duke Realty from $73.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Barclays reissued a “hold” rating and set a $28.00 target price on shares of Duke Realty in a report on Thursday, February 14th. SunTrust Banks raised shares of Duke Realty from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. Finally, Zacks Investment Research cut shares of Duke Realty from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $36.11.

Shares of NYSE:DRE traded up $0.12 on Wednesday, hitting $30.56. 1,495,486 shares of the company were exchanged, compared to its average volume of 2,062,779. Duke Realty has a 1-year low of $24.67 and a 1-year high of $31.69. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $10.94 billion, a P/E ratio of 22.98, a PEG ratio of 4.55 and a beta of 0.75.

Duke Realty (NYSE:DRE) last posted its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Duke Realty had a net margin of 36.32% and a return on equity of 7.37%. The business had revenue of $209.97 million during the quarter, compared to the consensus estimate of $205.45 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts forecast that Duke Realty will post 1.41 EPS for the current year.

In other Duke Realty news, EVP Ann C. Dee sold 18,334 shares of Duke Realty stock in a transaction on Friday, March 8th. The shares were sold at an average price of $29.77, for a total value of $545,803.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles R. Eitel sold 5,075 shares of Duke Realty stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $29.89, for a total transaction of $151,691.75. Following the completion of the transaction, the director now directly owns 4,169 shares of the company’s stock, valued at approximately $124,611.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,409 shares of company stock valued at $1,150,145. 0.29% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in Duke Realty by 5.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,360,023 shares of the real estate investment trust’s stock worth $194,490,000 after buying an additional 330,258 shares during the last quarter. Oxford Asset Management LLP increased its holdings in Duke Realty by 43.7% in the first quarter. Oxford Asset Management LLP now owns 31,711 shares of the real estate investment trust’s stock worth $970,000 after buying an additional 9,639 shares during the last quarter. Heitman Real Estate Securities LLC increased its holdings in Duke Realty by 2.0% in the first quarter. Heitman Real Estate Securities LLC now owns 1,794,659 shares of the real estate investment trust’s stock worth $54,881,000 after buying an additional 35,570 shares during the last quarter. Utah Retirement Systems increased its holdings in Duke Realty by 0.7% in the first quarter. Utah Retirement Systems now owns 86,743 shares of the real estate investment trust’s stock worth $2,653,000 after buying an additional 642 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Duke Realty by 2.5% in the first quarter. Wellington Management Group LLP now owns 82,401 shares of the real estate investment trust’s stock worth $2,520,000 after buying an additional 2,048 shares during the last quarter. 94.55% of the stock is owned by institutional investors.

Duke Realty Company Profile

Duke Realty Corporation owns and operates approximately 153 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index.

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The Fly

Analyst Recommendations for Duke Realty (NYSE:DRE)

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