ValuEngine cut shares of Duke Realty (NYSE:DRE) from a buy rating to a hold rating in a research report report published on Wednesday morning.
DRE has been the topic of a number of other reports. Royal Bank of Canada lowered Duke Realty from an outperform rating to a sector perform rating and upped their target price for the stock from $29.00 to $31.00 in a research note on Wednesday, January 3rd. Morgan Stanley restated an overweight rating and issued a $31.00 target price on shares of Duke Realty in a research note on Thursday, December 14th. Zacks Investment Research lowered Duke Realty from a hold rating to a sell rating in a research note on Monday, January 8th. BMO Capital Markets restated a hold rating and issued a $28.00 target price on shares of Duke Realty in a research note on Wednesday, January 31st. Finally, Citigroup upgraded Duke Realty from a neutral rating to a buy rating and set a $32.00 target price on the stock in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $29.82.
Duke Realty (DRE) opened at $25.76 on Wednesday. The firm has a market capitalization of $9,196.06, a PE ratio of 5.65, a price-to-earnings-growth ratio of 4.65 and a beta of 0.80. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 0.53. Duke Realty has a one year low of $24.30 and a one year high of $30.14.
In other news, Director Charles R. Eitel sold 5,242 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $24.96, for a total transaction of $130,840.32. Following the transaction, the director now directly owns 4,927 shares in the company, valued at approximately $122,977.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Delpha Capital Management LLC bought a new position in shares of Duke Realty during the 4th quarter valued at about $121,000. Itau Unibanco Holding S.A. bought a new position in shares of Duke Realty during the 4th quarter valued at about $132,000. Zeke Capital Advisors LLC bought a new position in shares of Duke Realty during the 3rd quarter valued at about $211,000. Synovus Financial Corp bought a new position in shares of Duke Realty during the 3rd quarter valued at about $212,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Duke Realty during the 3rd quarter valued at about $228,000. Hedge funds and other institutional investors own 93.03% of the company’s stock.
About Duke Realty
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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