Duke Realty Corporation (NYSE:DRE) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $28 and the lowest price target forecast is $23. The average forecast of all the analysts is $24.89 and the expected standard deviation is $1.78.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Barclays maintains its rating on Duke Realty Corporation (NYSE:DRE). The rating major has initiated the coverage with equalweight rating on the shares. The Analysts at Barclays raises the price target from $22 per share to $23 per share. The rating by the firm was issued on February 4, 2016.
Duke Realty Corporation (NYSE:DRE): stock turned positive on Thursday. Though the stock opened at $25.5, the bulls momentum made the stock top out at $25.635 level for the day. The stock recorded a low of $25.39 and closed the trading day at $25.44, in the green by 0.43%. The total traded volume for the day was 2,849,937. The stock had closed at $25.33 in the previous days trading.
The company shares have rallied 35.60% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $25.92 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $23.93 and the 200 Day Moving Average price is recorded at $21.74. On the companys insider trading activities, Oklak Dennis D, director officer (Executive Chairman) of Duke Realty Corp, unloaded 75,000 shares at an average price of $24.41 on June 8, 2016. The total amount of the transaction was worth $1,830,750, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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 Companys 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.