Duke Realty (DRE) Scheduled to Post Earnings on Tuesday
Duke Realty (NYSE:DRE) is scheduled to post its quarterly earnings results after the market closes on Tuesday, January 23rd. Analysts expect Duke Realty to post earnings of $0.07 per share for the quarter. Duke Realty has set its FY17 guidance at $1.21-1.25 EPS.
Duke Realty (NYSE:DRE) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $169.61 million during the quarter, compared to the consensus estimate of $168.75 million. Duke Realty had a net margin of 178.66% and a return on equity of 6.36%. Duke Realty’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, analysts expect Duke Realty to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Duke Realty (NYSE DRE) opened at $25.71 on Tuesday. The company has a market cap of $9,156.38, a PE ratio of 6.17, a price-to-earnings-growth ratio of 4.68 and a beta of 0.90. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.45. Duke Realty has a 1-year low of $23.93 and a 1-year high of $30.14.
DRE has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Duke Realty from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $31.00 price objective on shares of Duke Realty in a report on Thursday, September 21st. Robert W. Baird cut their price objective on shares of Duke Realty from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Citigroup upgraded shares of Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Thursday, December 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $31.00 price objective (up previously from $29.00) on shares of Duke Realty in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Duke Realty currently has a consensus rating of “Hold” and an average target price of $29.75.
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Duke Realty Company Profile
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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