Duke Realty Corp (DRE) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 30 from a previous price target of $24 . RBC Capital Mkts advised their investors in a research report released on Aug 1, 2016.
On the company’s financial health, Duke Realty Corp reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.30. The company had revenue of $200.50 million for the quarter, compared to analysts expectations of $203.16 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
Duke Realty Corp opened for trading at $28.18 and hit $28.99 on the upside on Friday, eventually ending the session at $28.79, with a gain of 2.24% or 0.63 points. The heightened volatility saw the trading volume jump to 23,82,684 shares. Company has a market cap of $9,960 M.
In a different news, on Jun 30, 2016, Charles R Eitel (director) sold 3,575 shares at $25.94 per share price. According to the SEC, on Jun 24, 2016, Steven R Kennedy (EVP, Construction) sold 26,649 shares at $25.41 per share price. On Jun 9, 2016, Dennis D Oklak (Executive Chairman) sold 75,000 shares at $24.41 per share price, according to the Form-4 filing with the securities and exchange commission.
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.