Media headlines about Duke Realty Corp (NYSE:DRE) have trended positive recently, according to Alpha One Sentiment Analysis. The research group, a unit of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Duke Realty Corp earned a daily sentiment score of 0.49 on Alpha One’s scale. Alpha One also assigned news coverage about the real estate investment trust an impact score of 40 out of 100, meaning that recent news coverage is unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected AlphaOne Sentiment’s analysis:
- Duke Realty Corp Declares Quarterly Dividend of $0.19 (DRE) (gizpress.com)
- Duke Realty Reaches Analyst Target Price (nasdaq.com)
- Duke Realty Corp (DRE) Director Sells $70,625.00 in Stock (americanbankingnews.com)
- Buzzer within Traders Radar: Duke Realty Corporation’s (DRE) (getyourxbacknow.com)
- Duke Realty Corp. : DRE-US: Dividend Analysis : May 16th, 2017 (record date) : By the numbers : May 12, 2017 (finance.yahoo.com)
Duke Realty Corp (NYSE:DRE) traded up 0.71% during trading on Friday, hitting $28.50. 752,893 shares of the stock were exchanged. The firm has a market cap of $10.13 billion, a PE ratio of 29.94 and a beta of 0.93. Duke Realty Corp has a 52 week low of $22.92 and a 52 week high of $28.99. The firm’s 50-day moving average is $27.61 and its 200 day moving average is $26.08.
Duke Realty Corp (NYSE:DRE) last posted its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $227.30 million during the quarter, compared to the consensus estimate of $204.47 million. Duke Realty Corp had a net margin of 34.60% and a return on equity of 9.27%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. Analysts expect that Duke Realty Corp will post $0.36 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 16th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Friday, May 12th. Duke Realty Corp’s payout ratio is presently 86.36%.
A number of analysts recently commented on DRE shares. Barclays PLC lowered their price objective on shares of Duke Realty Corp from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, January 23rd. Stifel Nicolaus lowered their target price on Duke Realty Corp from $30.00 to $28.00 and set a “buy” rating for the company in a report on Friday, January 27th. Mizuho upgraded Duke Realty Corp from a “neutral” rating to a “buy” rating and increased their target price for the stock from $27.00 to $28.00 in a report on Monday, February 6th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “hold” rating and set a $28.00 target price on shares of Duke Realty Corp in a report on Monday, March 20th. Finally, Bank of America Corp upgraded Duke Realty Corp from a “neutral” rating to a “buy” rating and increased their target price for the stock from $28.00 to $30.00 in a report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $28.58.
In other news, Director Peter M. Scott III sold 2,500 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $28.25, for a total transaction of $70,625.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles R. Eitel sold 5,246 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $25.52, for a total transaction of $133,877.92. Following the sale, the director now directly owns 4,949 shares of the company’s stock, valued at $126,298.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,549 shares of company stock valued at $336,922. 0.40% of the stock is currently owned by insiders.
About Duke Realty Corp
Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments.
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