Equities analysts expect Duke Realty Corp (NYSE:DRE) to report $0.32 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for Duke Realty’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.31. Duke Realty posted earnings of $0.31 per share during the same quarter last year, which suggests a positive year over year growth rate of 3.2%. The company is scheduled to report its next earnings report on Wednesday, April 24th.
On average, analysts expect that Duke Realty will report full year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.36 to $1.42. For the next fiscal year, analysts anticipate that the company will post earnings of $1.47 per share, with EPS estimates ranging from $1.42 to $1.51. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Duke Realty.
Duke Realty (NYSE:DRE) last released its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.17). Duke Realty had a return on equity of 8.02% and a net margin of 40.48%. The business had revenue of $202.86 million for the quarter, compared to analyst estimates of $200.75 million. During the same period in the prior year, the business earned $0.30 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis.
A number of equities research analysts have commented on the company. Scotiabank assumed coverage on Duke Realty in a research note on Tuesday, October 16th. They issued a “sector perform” rating for the company. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price objective on shares of Duke Realty in a research note on Wednesday, October 24th. ValuEngine raised Duke Realty from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research cut Duke Realty from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. Finally, Barclays reissued a “hold” rating and issued a $26.00 price objective on shares of Duke Realty in a research note on Sunday, October 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Duke Realty has an average rating of “Buy” and a consensus price target of $30.13.
NYSE DRE traded down $0.06 during trading hours on Friday, hitting $29.98. 2,160,068 shares of the company’s stock were exchanged, compared to its average volume of 2,502,090. Duke Realty has a 1-year low of $24.30 and a 1-year high of $30.12. The stock has a market capitalization of $10.76 billion, a P/E ratio of 22.54, a P/E/G ratio of 4.41 and a beta of 0.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.50 and a quick ratio of 2.60.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $0.86 dividend on an annualized basis and a yield of 2.87%. Duke Realty’s dividend payout ratio (DPR) is presently 64.66%.
In other news, EVP Nicholas C. Anthony sold 9,937 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $29.07, for a total value of $288,868.59. Following the transaction, the executive vice president now owns 28,016 shares in the company, valued at $814,425.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark A. Denien sold 46,328 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $29.49, for a total value of $1,366,212.72. Following the completion of the transaction, the chief financial officer now owns 7,059 shares in the company, valued at approximately $208,169.91. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc lifted its holdings in shares of Duke Realty by 0.4% in the third quarter. Vanguard Group Inc now owns 57,237,534 shares of the real estate investment trust’s stock valued at $1,623,829,000 after purchasing an additional 213,531 shares in the last quarter. BlackRock Inc. lifted its holdings in Duke Realty by 1.9% during the fourth quarter. BlackRock Inc. now owns 39,591,883 shares of the real estate investment trust’s stock worth $1,025,429,000 after acquiring an additional 734,164 shares during the period. Boston Partners lifted its holdings in Duke Realty by 2.6% during the fourth quarter. Boston Partners now owns 7,412,866 shares of the real estate investment trust’s stock worth $191,994,000 after acquiring an additional 190,422 shares during the period. PGGM Investments lifted its holdings in Duke Realty by 24.4% during the fourth quarter. PGGM Investments now owns 6,727,800 shares of the real estate investment trust’s stock worth $174,250,000 after acquiring an additional 1,320,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Duke Realty by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 5,474,881 shares of the real estate investment trust’s stock worth $155,314,000 after acquiring an additional 18,840 shares during the period. Institutional investors own 93.24% of the company’s stock.
Duke Realty Company Profile
Duke Realty Corporation owns and operates approximately 150 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index.
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