Duke Realty Corporation (DRE) Receives Price Target

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 $26 respectively for the short term. The average price target of all the analysts comes to $28.89. The estimated standard deviation from the target is $1.62.

Duke Realty Corporation (DRE) : Zacks Investment Research ranks Duke Realty Corporation (DRE) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.23, which indicates as a Buy.


Also, BTIG Research initiates coverage on Duke Realty Corporation (NYSE:DRE) . Analysts at the BTIG Research have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.

Duke Realty Corporation (NYSE:DRE): The stock opened at $28.12 on Thursday but the bulls could not build on the opening and the stock topped out at $28.13 for the day. The stock traded down to $27.87 during the day, due to lack of any buying support eventually closed down at $28.01 with a loss of -0.39% for the day. The stock had closed at $28.12 on the previous day. The total traded volume was 1,926,190 shares.

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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