Brokerages forecast that Duke Realty Corp (NYSE:DRE) will post $175.00 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Duke Realty’s earnings, with the lowest sales estimate coming in at $168.33 million and the highest estimate coming in at $184.36 million. Duke Realty posted sales of $204.26 million in the same quarter last year, which suggests a negative year-over-year growth rate of 14.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that Duke Realty will report full year sales of $175.00 million for the current financial year, with estimates ranging from $721.69 million to $760.30 million. For the next fiscal year, analysts anticipate that the company will report sales of $748.07 million per share, with estimates ranging from $687.82 million to $824.95 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Duke Realty.

Duke Realty (NYSE:DRE) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Duke Realty had a net margin of 178.66% and a return on equity of 6.36%. The business had revenue of $169.61 million during the quarter, compared to the consensus estimate of $168.75 million. During the same quarter last year, the firm earned $0.31 earnings per share. Duke Realty’s quarterly revenue was up 4.5% on a year-over-year basis.

DRE has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Duke Realty from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and set a $31.00 target price on shares of Duke Realty in a research note on Thursday, September 21st. Citigroup raised shares of Duke Realty from a “neutral” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Thursday, December 14th. BMO Capital Markets set a $30.00 target price on shares of Duke Realty and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, JPMorgan Chase & Co. downgraded shares of Duke Realty from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $29.67.

Duke Realty (DRE) opened at $27.21 on Friday. Duke Realty has a 52 week low of $23.93 and a 52 week high of $30.14. The firm has a market cap of $9,722.65, a price-to-earnings ratio of 21.84, a P/E/G ratio of 5.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.23 and a current ratio of 3.23.

The business also recently declared a special dividend, which was paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st were issued a $0.85 dividend. This represents a yield of 2.74%. This is a boost from Duke Realty’s previous special dividend of $0.20. The ex-dividend date of this dividend was Thursday, November 30th. Duke Realty’s dividend payout ratio (DPR) is presently 19.18%.

Large investors have recently bought and sold shares of the business. Advisor Group Inc. grew its holdings in Duke Realty by 0.3% in the second quarter. Advisor Group Inc. now owns 4,257 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 12 shares during the period. Toronto Dominion Bank grew its holdings in Duke Realty by 12.6% in the second quarter. Toronto Dominion Bank now owns 4,369 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 488 shares during the period. Fiduciary Trust Co. acquired a new stake in Duke Realty in the second quarter worth $201,000. Zeke Capital Advisors LLC acquired a new stake in Duke Realty in the third quarter worth $211,000. Finally, Synovus Financial Corp acquired a new stake in Duke Realty in the third quarter worth $212,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

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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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Earnings History and Estimates for Duke Realty (NYSE:DRE)

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