Duke Realty (DRE) Hits New 12-Month Low at $24.35
Duke Realty Corp (NYSE:DRE) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $24.35 and last traded at $24.35, with a volume of 783306 shares traded. The stock had previously closed at $24.75.
DRE has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $31.00 target price on shares of Duke Realty in a research report on Thursday, December 14th. JPMorgan Chase & Co. lowered Duke Realty from a “neutral” rating to an “underweight” rating and set a $29.00 target price on the stock. in a research report on Friday, December 15th. Royal Bank of Canada lowered Duke Realty from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $29.00 to $31.00 in a research report on Wednesday, January 3rd. BMO Capital Markets reissued a “hold” rating and set a $28.00 price target on shares of Duke Realty in a research report on Wednesday, January 31st. Finally, Citigroup raised Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.82.
The stock has a market cap of $8,778.38, a PE ratio of 5.39, a price-to-earnings-growth ratio of 4.44 and a beta of 0.80. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.53.
In related news, Director Charles R. Eitel sold 5,242 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $122,977.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DRE. Delpha Capital Management LLC purchased a new position in Duke Realty in the fourth quarter valued at about $121,000. Itau Unibanco Holding S.A. purchased a new position in Duke Realty in the fourth quarter valued at about $132,000. Zeke Capital Advisors LLC purchased a new position in Duke Realty in the third quarter valued at about $211,000. Synovus Financial Corp purchased a new position in Duke Realty in the third quarter valued at about $212,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Duke Realty in the third quarter valued at about $228,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.
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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.
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