Mark A. Denien Sells 140,000 Shares of Duke Realty Co. (NYSE:DRE) Stock

Duke Realty Co. (NYSE:DREGet Rating) CFO Mark A. Denien sold 140,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $62.13, for a total transaction of $8,698,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Duke Realty Price Performance

DRE stock opened at $61.75 on Friday. Duke Realty Co. has a 1 year low of $47.12 and a 1 year high of $66.22. The company has a market cap of $23.74 billion, a P/E ratio of 24.80, a PEG ratio of 4.12 and a beta of 0.71. The firm has a 50-day moving average of $55.99 and a 200 day moving average of $55.79. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.23 and a quick ratio of 1.21.

Duke Realty (NYSE:DREGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). Duke Realty had a return on equity of 15.66% and a net margin of 85.63%. The company had revenue of $280.15 million during the quarter, compared to the consensus estimate of $279.80 million. During the same period in the previous year, the company earned $0.44 earnings per share. Duke Realty’s quarterly revenue was up 10.3% on a year-over-year basis. On average, sell-side analysts forecast that Duke Realty Co. will post 1.92 EPS for the current year.

Hedge Funds Weigh In On Duke Realty

Institutional investors and hedge funds have recently made changes to their positions in the business. Chilton Capital Management LLC bought a new position in shares of Duke Realty during the fourth quarter valued at approximately $29,000. Massmutual Trust Co. FSB ADV bought a new position in shares of Duke Realty during the fourth quarter valued at approximately $30,000. Atwood & Palmer Inc. bought a new position in shares of Duke Realty during the second quarter valued at approximately $26,000. Bank of New Hampshire bought a new position in shares of Duke Realty during the first quarter valued at approximately $29,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of Duke Realty during the fourth quarter valued at approximately $34,000. Institutional investors own 96.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DRE shares. Edward Jones lowered shares of Duke Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Robert W. Baird lowered shares of Duke Realty from an “outperform” rating to a “neutral” rating and cut their price target for the company from $78.00 to $74.00 in a research report on Thursday, July 14th. Mizuho lowered their price objective on shares of Duke Realty from $65.00 to $58.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. BMO Capital Markets raised shares of Duke Realty from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $68.00 to $65.00 in a research note on Monday, May 16th. Finally, Wells Fargo & Company lowered their price objective on shares of Duke Realty from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Monday, June 6th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Duke Realty presently has an average rating of “Hold” and an average price target of $61.40.

About Duke Realty

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Duke Realty Corporation owns and operates approximately 159 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 a member of the S&P 500 Index.

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