Duke Realty Corp (DRE) Releases Earnings Results, Reports EPS of $0.28 EPS

Duke Realty Corp (DRE) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.28 EPS for the quarter. Analysts had a consensus estimate of $0.28. The company posted revenue of $224.90 million in the period, compared to analysts expectations of $199.20 million. The company’s revenue was down -15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Duke Realty Corp. Company shares were Reiterated by Barclays on Feb 4, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .

Duke Realty Corp opened for trading at $21.8 and hit $22.025 on the upside on Friday, eventually ending the session at $21.91, with a gain of 0.97% or 0.21 points. The heightened volatility saw the trading volume jump to 25,36,433 shares. Company has a market cap of $7,579 M.

In a different news, on Mar 10, 2016, Steven R Kennedy (EVP, Construction) sold 25,103 shares at $21.25 per share price. According to the SEC, on Feb 26, 2016, Jack R Shaw (director) sold 3,943 shares at $20.16 per share price. On Feb 26, 2016, Charles R Eitel (director) sold 3,500 shares at $20.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial office medical office real estate investments and service operations. Service operations consists of various real estate services such as property management asset management maintenance leasing development general contractor and construction management to third-party property owners and joint ventures. The Company conducts its Service Operations through Duke Realty Services LLC Duke Realty Services Limited Partnership and Duke Construction Limited Partnership (DCLP). As of December 31 2014 the Company’s portfolio included owned or jointly controlled 729 industrial offices medical office and other properties of which 706 properties with approximately 146.9 million square feet were in service. The Company owns interest in 500 bulk distribution industrial properties which are primarily warehouse facilities.

Duke Realty Corp

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