Duke Realty Corporation (DRE) : 12 analysts are covering Duke Realty Corporation (DRE) and their average rating on the stock is 2.29, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Duke Realty Corporation (DRE) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Duke Realty Corporation (DRE) : Currently there are 9 street experts covering Duke Realty Corporation (DRE) stock. The most bullish and bearish price target for the stock is $31 and $25 respectively for the short term. The average price target of all the analysts comes to $28.56. The estimated standard deviation from the target is $2.07.
For the current week, the company shares have a recommendation consensus of Buy. Duke Realty Corporation (NYSE:DRE): The stock opened at $28.25 on Thursday but the bulls could not build on the opening and the stock topped out at $28.27 for the day. The stock traded down to $27.93 during the day, due to lack of any buying support eventually closed down at $28.19 with a loss of -0.04% for the day. The stock had closed at $28.20 on the previous day. The total traded volume was 2,489,341 shares.
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.