Duke Realty Corporation (DRE) has risen sharply, recording gains of 1.09% in the past 4 weeks. However, the stock has corrected -1.17% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.7% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Duke Realty Corporation is up 21.03% in the last 3-month period. Year-to-Date the stock performance stands at 35.61%. The stock has recorded a 20-day Moving Average of 0.42% and the 50-Day Moving Average is 3.91%.
Duke Realty Corporation (NYSE:DRE): The stock was completely flat for the day, closing at $27.84 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $27.79, the stock touched an intraday high of $27.85 and a low of $27.65. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $27.84. The total trading volume on Friday was 1,907,058.
Also, In the latest statement by the brokerage house, Oppenheimer maintains its outlook on Duke Realty Corporation (NYSE:DRE). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $26 per share to $31 per share. The rating by the firm was issued on July 28, 2016.
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.