Equities analysts expect Duke Realty Corp (NYSE:DRE) to report sales of $213.51 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Duke Realty’s earnings, with the highest sales estimate coming in at $216.44 million and the lowest estimate coming in at $211.97 million. Duke Realty reported sales of $210.56 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.4%. The company is expected to report its next earnings results on Wednesday, July 24th.
On average, analysts expect that Duke Realty will report full year sales of $860.49 million for the current fiscal year, with estimates ranging from $850.07 million to $873.49 million. For the next fiscal year, analysts forecast that the company will post sales of $921.79 million, with estimates ranging from $893.00 million to $955.01 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Duke Realty.
Duke Realty (NYSE:DRE) last released its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Duke Realty had a return on equity of 7.37% and a net margin of 36.32%. The business had revenue of $209.97 million during the quarter, compared to analyst estimates of $205.45 million. During the same quarter last year, the company posted $0.30 EPS. Duke Realty’s revenue for the quarter was up 8.5% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the stock. Mackay Shields LLC lifted its stake in Duke Realty by 18.7% in the 4th quarter. Mackay Shields LLC now owns 67,617 shares of the real estate investment trust’s stock worth $1,752,000 after acquiring an additional 10,635 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Duke Realty by 6.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 414,187 shares of the real estate investment trust’s stock worth $10,728,000 after purchasing an additional 23,533 shares in the last quarter. Achmea Investment Management B.V. raised its stake in shares of Duke Realty by 4.6% during the 4th quarter. Achmea Investment Management B.V. now owns 99,346 shares of the real estate investment trust’s stock worth $2,573,000 after purchasing an additional 4,400 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Duke Realty by 4.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 9,491 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 392 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Duke Realty by 102.1% during the 4th quarter. First Trust Advisors LP now owns 143,366 shares of the real estate investment trust’s stock worth $3,713,000 after purchasing an additional 72,419 shares in the last quarter. 93.81% of the stock is owned by hedge funds and other institutional investors.
NYSE:DRE opened at $31.21 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 2.38. Duke Realty has a 1-year low of $24.67 and a 1-year high of $32.59. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 4.60 and a beta of 0.74. The company has a fifty day moving average of $31.03.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 16th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Wednesday, May 15th. Duke Realty’s dividend payout ratio is currently 64.66%.
About Duke Realty
Duke Realty Corporation owns and operates approximately 153 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.
Featured Story: Cost of Capital
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Duke Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Realty and related companies with MarketBeat.com's FREE daily email newsletter.