Duke Realty Corp (DRE) was Upgraded by Robert W. Baird to ” Outperform” and the brokerage firm has set the Price Target at $30. Earlier the firm had a rating of “Neutral ” on the company shares. Robert W. Baird advised their investors in a research report released on Nov 28, 2016.
Many Wall Street Analysts have commented on Duke Realty Corp. Shares were Reiterated by RBC Capital Mkts on Nov 22, 2016 to “Outperform” and Lowered the Price Target to $ 28 from a previous price target of $30 .Shares were Reiterated by Mizuho on Oct 28, 2016 to “Neutral” and Lowered the Price Target to $ 27 from a previous price target of $29 .Mizuho Initiated Duke Realty Corp on Sep 28, 2016 to “Neutral”, Price Target of the shares are set at $29.
On the company’s financial health, Duke Realty Corp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.30. The company had revenue of $226.19 million for the quarter, compared to analysts expectations of $202.24 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.
Duke Realty Corp opened for trading at $24.76 and hit $25.19 on the upside on Friday, eventually ending the session at $24.98, with a gain of 1.01% or 0.25 points. The heightened volatility saw the trading volume jump to 13,91,351 shares. Company has a market cap of $8,860 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.