Duke Realty Corp (NYSE:DRE) Expected to Announce Earnings of $0.35 Per Share

Analysts expect Duke Realty Corp (NYSE:DRE) to post earnings per share (EPS) of $0.35 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Duke Realty’s earnings, with estimates ranging from $0.35 to $0.36. Duke Realty reported earnings per share of $0.33 during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The company is expected to issue its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that Duke Realty will report full year earnings of $1.42 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.43. For the next financial year, analysts expect that the business will post earnings of $1.49 per share, with EPS estimates ranging from $1.46 to $1.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Duke Realty.

Duke Realty (NYSE:DRE) last issued its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Duke Realty had a net margin of 36.32% and a return on equity of 7.37%. The firm had revenue of $209.97 million during the quarter, compared to the consensus estimate of $205.45 million. During the same period in the prior year, the firm earned $0.30 EPS. The business’s revenue was up 8.5% on a year-over-year basis.

A number of brokerages have weighed in on DRE. Zacks Investment Research downgraded shares of Duke Realty from a “buy” rating to a “hold” rating and set a $34.00 price target for the company. in a report on Wednesday, June 19th. Scotiabank raised shares of Duke Realty from a “sector perform” rating to an “outperform” rating in a report on Thursday. BTIG Research increased their price target on shares of Duke Realty from $73.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Bank of America downgraded shares of Duke Realty from a “buy” rating to a “neutral” rating and set a $30.81 price target for the company. in a report on Thursday, May 16th. Finally, Goldman Sachs Group began coverage on shares of Duke Realty in a report on Wednesday, May 15th. They issued a “buy” rating and a $33.00 price target for the company. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Duke Realty has an average rating of “Buy” and an average price target of $36.18.

Shares of Duke Realty stock opened at $31.61 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.60. Duke Realty has a fifty-two week low of $24.67 and a fifty-two week high of $32.59. The firm has a fifty day moving average of $31.06. The company has a market cap of $11.36 billion, a P/E ratio of 23.77, a PEG ratio of 4.52 and a beta of 0.74.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 16th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Wednesday, May 15th. Duke Realty’s payout ratio is 64.66%.

Large investors have recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC bought a new position in shares of Duke Realty during the 1st quarter worth about $31,000. Private Capital Group LLC lifted its holdings in shares of Duke Realty by 27.4% during the 1st quarter. Private Capital Group LLC now owns 1,976 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 425 shares during the period. Berman Capital Advisors LLC bought a new position in shares of Duke Realty during the 4th quarter worth about $136,000. Exane Derivatives lifted its holdings in shares of Duke Realty by 1,598.1% during the 1st quarter. Exane Derivatives now owns 5,281 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 4,970 shares during the period. Finally, Horizon Investments LLC bought a new position in shares of Duke Realty during the 1st quarter worth about $200,000. 93.81% of the stock is owned by institutional investors.

Duke Realty Company Profile

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 Article: What impact do institutional investors have on markets?

Get a free copy of the Zacks research report on Duke Realty (DRE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.