Duke Realty (NYSE:DRE) Sets New 1-Year High at $32.89

Shares of Duke Realty Corp (NYSE:DRE) reached a new 52-week high during trading on Tuesday . The company traded as high as $32.89 and last traded at $32.80, with a volume of 2241 shares trading hands. The stock had previously closed at $32.78.

A number of analysts have commented on the stock. BTIG Research increased their price objective on shares of Duke Realty from $73.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Zacks Investment Research downgraded shares of CGI from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Goldman Sachs Group initiated coverage on shares of Liberty Property Trust in a report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 price target for the company. Bank of America set a $62.00 price target on shares of Cisco Systems and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, Scotiabank upgraded shares of Duke Realty from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $36.18.

The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $11.72 billion, a PE ratio of 24.72, a PEG ratio of 4.79 and a beta of 0.73. The company has a 50-day moving average of $31.53.



Duke Realty (NYSE:DRE) last posted its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $209.97 million during the quarter, compared to analysts’ expectations of $205.45 million. Duke Realty had a net margin of 36.32% and a return on equity of 7.37%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. As a group, equities analysts forecast that Duke Realty Corp will post 1.42 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. purchased a new stake in shares of Duke Realty during the 2nd quarter worth $331,000. WINTON GROUP Ltd lifted its position in shares of Duke Realty by 7.7% during the 2nd quarter. WINTON GROUP Ltd now owns 754,476 shares of the real estate investment trust’s stock worth $23,849,000 after purchasing an additional 53,770 shares during the last quarter. Eii Capital Management Inc. lifted its position in shares of Duke Realty by 9.6% during the 2nd quarter. Eii Capital Management Inc. now owns 52,881 shares of the real estate investment trust’s stock worth $1,672,000 after purchasing an additional 4,647 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of Duke Realty by 1.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,195,168 shares of the real estate investment trust’s stock worth $36,548,000 after purchasing an additional 16,217 shares during the last quarter. Finally, Horizon Investments LLC purchased a new stake in shares of Duke Realty during the 1st quarter worth $200,000. 93.81% of the stock is owned by hedge funds and other institutional investors.

Duke Realty Company Profile (NYSE:DRE)

Duke Realty Corporation owns and operates approximately 153 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index.

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