Large Outflow of Money Witnessed in Duke Realty Corporation

Duke Realty Corporation (DRE) : Net money flow in Duke Realty Corporation (DRE) was negative ($9.49 million) and the inflow of money on uptick was $12 million, whereas, the outflow of money on downticks amounted to $21.5 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.56. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $5.27 million. On the other hand, the total value of block trades done on downticks was $14.95 million. The ratio of uptick to downtick block trades was 0.35. The money flow in block trades was negative ($9.68). Duke Realty Corporation (DRE) gained $0.09 cent during the day and reached $27.54, a gain of 0.33% over the previous day.


Duke Realty Corporation (DRE) stock is expected to deviate a maximum of $2.02 from the average target price of $25.28 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.

Duke Realty Corporation (NYSE:DRE): stock turned positive on Friday. Though the stock opened at $27.43, the bulls momentum made the stock top out at $27.68 level for the day. The stock recorded a low of $27.43 and closed the trading day at $27.54, in the green by 0.33%. The total traded volume for the day was 3,491,991. The stock had closed at $27.45 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Director of DUKE REALTY CORP, Eitel Charles R had sold 3,575 shares worth of $92,736 in a transaction dated June 28, 2016. In this transaction, 3,575 shares were sold at $25.94 per share.

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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