J P Morgan Chase & Co cut shares of Duke Realty Corporation (NYSE:DRE) from an overweight rating to a neutral rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. They currently have $30.00 price objective on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus reiterated a buy rating and set a $31.00 price objective on shares of Duke Realty Corporation in a research note on Thursday, September 21st. BidaskClub upgraded shares of Duke Realty Corporation from a hold rating to a buy rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada reiterated a buy rating and set a $30.00 price objective on shares of Duke Realty Corporation in a research note on Wednesday, June 7th. Barclays PLC lowered their price objective on shares of Duke Realty Corporation from $26.00 to $25.00 and set an equal weight rating for the company in a research note on Tuesday, July 18th. Finally, BMO Capital Markets started coverage on shares of Duke Realty Corporation in a research note on Monday, September 11th. They set a market perform rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $29.09.

Shares of Duke Realty Corporation (DRE) traded down 0.45% during midday trading on Tuesday, reaching $28.82. 2,379,296 shares of the company’s stock were exchanged. The firm has a market cap of $10.25 billion, a PE ratio of 7.10 and a beta of 0.93. The stock’s 50-day moving average is $29.16 and its 200 day moving average is $28.00. Duke Realty Corporation has a one year low of $22.97 and a one year high of $30.14.

Duke Realty Corporation (NYSE:DRE) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. The company had revenue of $165.84 million during the quarter, compared to the consensus estimate of $185.25 million. During the same period last year, the firm earned $0.30 earnings per share. Analysts anticipate that Duke Realty Corporation will post $3.71 EPS for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 16th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, August 14th. This represents a $0.76 annualized dividend and a dividend yield of 2.64%. Duke Realty Corporation’s dividend payout ratio (DPR) is presently 18.86%.

In related news, EVP Peter D. Harrington sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $28.87, for a total transaction of $866,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.26% of the company’s stock.

Several institutional investors have recently modified their holdings of DRE. UBS Asset Management Americas Inc. raised its holdings in shares of Duke Realty Corporation by 14.2% during the first quarter. UBS Asset Management Americas Inc. now owns 1,389,014 shares of the real estate investment trust’s stock worth $36,489,000 after purchasing an additional 173,024 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of Duke Realty Corporation by 4.9% during the first quarter. TD Asset Management Inc. now owns 21,382 shares of the real estate investment trust’s stock worth $562,000 after purchasing an additional 1,000 shares during the last quarter. Oxford Asset Management purchased a new position in shares of Duke Realty Corporation during the first quarter worth $1,501,000. Pacer Advisors Inc. raised its holdings in shares of Duke Realty Corporation by 3.3% during the first quarter. Pacer Advisors Inc. now owns 7,776 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 251 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Duke Realty Corporation by 294.2% during the first quarter. SG Americas Securities LLC now owns 60,074 shares of the real estate investment trust’s stock worth $1,578,000 after purchasing an additional 44,834 shares during the last quarter. 93.65% of the stock is owned by hedge funds and other institutional investors.

About Duke Realty Corporation

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.

Analyst Recommendations for Duke Realty Corporation (NYSE:DRE)

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