Duke Realty Corporation (DRE) : Wednesdays money flow data in Duke Realty Corporation (DRE) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $8.83 million, whereas, $6.84 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.29, in favor of the bulls. The total money flow into the stock was $1.99 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $1.21 million. The total value of block trades done on upticks was $3.3 million. The value of bearish trades on downticks was only $2.09 million.The up/down ratio in the block trades was a healthy 1.58 in favor of the bulls, suggesting strong buying in the stock by large traders. Duke Realty Corporation (DRE) fell $0.01 and traded at $27.43, down -0.04% for the day, over previous days close. On a weekly basis, the shares are 0.73% over the previous weeks close.
Also, Brokerage firm Citigroup maintains its rating on Duke Realty Corporation (NYSE:DRE). As per the latest information, the brokerage house raises the price target to $27 per share from a prior target of $24. The shares have been rated Neutral. The rating by the firm was issued on July 7, 2016.
Duke Realty Corporation (NYSE:DRE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.50 and $27.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.48, notching a gain of 0.15% for the day. The total traded volume was 2,735,820 . The stock had closed at $27.44 on the previous day.
The stock has recorded a 20-day Moving Average of 3.62% and the 50-Day Moving Average is 10.08%. In a related news, The Securities and Exchange Commission has divulged that Eitel Charles R, Director of DUKE REALTY CORP, had unloaded 3,575 shares at an average price of $25.94 in a transaction dated on June 28, 2016. The total value of the transaction was worth $92,736.
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.