November 30, 2016 - By Peter Erickson · 0 Comments
Duke Realty Corp (NYSE:DRE) institutional sentiment decreased to 1.26 in Q2 2016. Its down -0.43, from 1.69 in 2016Q1. The ratio turned negative, as 172 funds increased and opened new equity positions, while 102 sold and decreased positions in Duke Realty Corp. The funds in our partner’s database reported: 331.94 million shares, up from 325.39 million shares in 2016Q1. Also, the number of funds holding Duke Realty Corp in their top 10 equity positions increased from 0 to 4 for an increase of 4. Sold All: 24 Reduced: 78 Increased: 133 New Position: 39.
Duke Realty Corporation is a self-administered and self-managed real estate investment trust . The company has a market cap of $9.20 billion. The Firm operates in four divisions: industrial, medical office, office real estate investments and service operations. It has a 32.56 P/E ratio. The Service activities segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures.
The stock increased 1.69% or $0.43 during the last trading session, hitting $25.81. Duke Realty Corp (NYSE:DRE) has risen 15.95% since April 27, 2016 and is uptrending. It has outperformed by 10.72% the S&P500.
Analysts await Duke Realty Corp (NYSE:DRE) to report earnings on January, 25. They expect $0.31 EPS, up 6.90% or $0.02 from last year’s $0.29 per share. DRE’s profit will be $110.50 million for 20.81 P/E if the $0.31 EPS becomes a reality. After $0.31 actual EPS reported by Duke Realty Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “Duke Realty Corporation is the largest publicly traded office and industrial real estate company in the United States and a member of the Forbes Super 500. They offer a complete range of real estate products and services.”
Green Street Investors Llc holds 5.94% of its portfolio in Duke Realty Corp for 273,100 shares. Plancorp Llc owns 188,329 shares or 4.45% of their US portfolio. Moreover, Garland Capital Management Inc has 3.95% invested in the company for 185,750 shares. The Illinois-based Heitman Real Estate Securities Llc has invested 2.98% in the stock. Cornerstone Real Estate Advisers Llc, a Connecticut-based fund reported 335,010 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $1.83 million net activity.
Ratings analysis reveals 50% of Duke Realty’s analysts are positive. Out of 10 Wall Street analysts rating Duke Realty, 5 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $21 while the high is $30. The stock’s average target of $26 is 0.74% above today’s ($25.81) share price. DRE was included in 17 notes of analysts from August 3, 2015. The firm has “Buy” rating by Goldman Sachs given on Monday, December 14. Barclays Capital maintained Duke Realty Corp (NYSE:DRE) rating on Tuesday, July 19. Barclays Capital has “Equalweight” rating and $27 price target. As per Tuesday, August 11, the company rating was downgraded by Robert W. Baird. On Friday, October 28 the stock rating was maintained by Mizuho with “Neutral”. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. UBS upgraded it to “Buy” rating and $23 target price in Wednesday, August 19 report. The firm earned “Outperform” rating on Tuesday, November 22 by RBC Capital Markets. Barclays Capital maintained the shares of DRE in a report on Thursday, February 4 with “Equalweight” rating. The firm earned “Hold” rating on Thursday, November 12 by BB&T Capital. The company was upgraded on Monday, November 28 by Robert W. Baird.
Duke Realty Corporation, incorporated on March 12, 1992, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates in four divisions: industrial, medical office, office real estate investments and service operations. The Service activities segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures. The Firm conducts its Service Operations through Duke Realty Services, LLC, Duke Realty Services Limited Partnership and Duke Construction Limited Partnership (DCLP).
Another recent and important Duke Realty Corp (NYSE:DRE) news was published by Nasdaq.com which published an article titled: “Duke Realty and Baylor Scott & White Health Open New MOB” on November 25, 2016.
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By Peter Erickson