Duke Realty Corp (NYSE:DRE) declared a quarterly dividend on Wednesday, January 31st, RTT News reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.20 per share by the real estate investment trust on Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, February 14th.

Duke Realty has increased its dividend by an average of 4.2% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Duke Realty has a payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Duke Realty to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 58.8%.

Duke Realty (NYSE DRE) opened at $25.30 on Tuesday. Duke Realty has a fifty-two week low of $24.48 and a fifty-two week high of $30.14. The company has a market cap of $9,035.29, a P/E ratio of 20.46, a PEG ratio of 4.58 and a beta of 0.77. The company has a current ratio of 4.43, a quick ratio of 3.23 and a debt-to-equity ratio of 0.53.

DRE has been the topic of several recent research reports. SunTrust Banks set a $27.00 target price on shares of Duke Realty and gave the stock a “hold” rating in a report on Friday. Robert W. Baird decreased their price objective on shares of Duke Realty from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. Citigroup raised shares of Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Thursday, December 14th. Royal Bank of Canada reissued a “sector perform” rating and issued a $31.00 price objective (up from $29.00) on shares of Duke Realty in a research note on Wednesday, January 3rd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $28.00 price objective on shares of Duke Realty in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.82.

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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.

Dividend History for Duke Realty (NYSE:DRE)

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