Analysts predict that Duke Realty Corp (NYSE:DRE) will report sales of $216.65 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Duke Realty’s earnings, with the lowest sales estimate coming in at $216.30 million and the highest estimate coming in at $216.99 million. Duke Realty posted sales of $202.86 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.8%. The company is expected to issue its next quarterly earnings report on Wednesday, January 29th.
According to Zacks, analysts expect that Duke Realty will report full-year sales of $855.07 million for the current year, with estimates ranging from $854.70 million to $855.44 million. For the next financial year, analysts forecast that the company will report sales of $893.13 million, with estimates ranging from $892.97 million to $893.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Duke Realty.
Duke Realty (NYSE:DRE) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.25. The firm had revenue of $215.37 million for the quarter, compared to analysts’ expectations of $215.83 million. Duke Realty had a net margin of 40.04% and a return on equity of 8.49%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS.
NYSE:DRE traded down $0.06 during mid-day trading on Thursday, hitting $35.17. 1,411,228 shares of the stock were exchanged, compared to its average volume of 2,109,828. The firm’s 50-day simple moving average is $34.83 and its 200 day simple moving average is $33.16. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 5.44 and a beta of 0.67. Duke Realty has a fifty-two week low of $24.67 and a fifty-two week high of $36.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.26 and a current ratio of 2.26.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a positive change from Duke Realty’s previous quarterly dividend of $0.22. Duke Realty’s dividend payout ratio (DPR) is 70.68%.
In other Duke Realty news, CEO James B. Connor sold 28,600 shares of Duke Realty stock in a transaction on Monday, November 18th. The stock was sold at an average price of $35.08, for a total value of $1,003,288.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. boosted its stake in Duke Realty by 48.7% in the second quarter. CSat Investment Advisory L.P. now owns 1,338 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 438 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Duke Realty by 2.1% in the second quarter. Meeder Asset Management Inc. now owns 26,551 shares of the real estate investment trust’s stock worth $839,000 after acquiring an additional 545 shares during the last quarter. Prudential PLC lifted its holdings in shares of Duke Realty by 3.1% in the second quarter. Prudential PLC now owns 24,836 shares of the real estate investment trust’s stock worth $785,000 after acquiring an additional 736 shares during the last quarter. Doyle Wealth Management acquired a new stake in shares of Duke Realty in the 2nd quarter valued at approximately $25,000. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in shares of Duke Realty by 2.7% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 33,630 shares of the real estate investment trust’s stock valued at $1,063,000 after purchasing an additional 889 shares in the last quarter. 94.17% of the stock is currently 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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