Duke Realty Corporation (DRE): Price Target and June Short Interest Disclosure

Duke Realty Corporation (DRE) stock is expected to deviate a maximum of $1.91 from the average target price of $25.06 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $28 and the most muted being $23.

The short interest in Duke Realty Corporation (DRE) has increased from 6,761,688 on June 15,2016 to 9,707,734 on June 30,2016. The change was measured at 2,946,046 shares or 43.6%. The leftover shorts were 2.8% of the floated shares. The days to cover are 3, given the average daily volume of 3,358,464 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Citigroup maintains the rating on Duke Realty Corporation (NYSE:DRE). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $24 per share to $27 per share. The rating by the firm was issued on July 7, 2016.


Duke Realty Corporation (NYSE:DRE): On Thursdays trading session , Opening price of the stock was $27.27 with an intraday high of $27.46. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.18. However, the stock managed to close at $27.24, a loss of 0.84% for the day. On the previous day, the stock had closed at $27.47. The total traded volume of the day was 1,905,496 shares.

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.

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