Duke Realty Corporation Company Profile (NYSE:DRE)

Duke Realty Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRE."

Duke Realty Corporation declared a quarterly dividend on Thursday, April 27th. Stockholders of record on Tuesday, May 16th will be paid a dividend of $0.19 per share on Wednesday, May 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, May 12th. View Duke Realty Corporation's Dividend History.

Duke Realty Corporation (NYSE:DRE) issued its quarterly earnings data on Wednesday, July, 27th. The company reported $0.30 EPS for the quarter, meeting analysts' consensus estimates of $0.30. The business earned $200.50 million during the quarter, compared to analysts' expectations of $202.67 million. Duke Realty Corporation had a return on equity of 9.74% and a net margin of 37.48%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. View Duke Realty Corporation's Earnings History.

12 brokerages have issued 12 month price targets for Duke Realty Corporation's shares. Their predictions range from $25.00 to $31.00. On average, they expect Duke Realty Corporation's share price to reach $29.20 in the next twelve months. View Analyst Ratings for Duke Realty Corporation.

Here are some recent quotes from research analysts about Duke Realty Corporation stock:

• 1. According to Zacks Investment Research, "Duke Realty’s first-quarter 2017 core funds from operations (FFO) per share came ahead of the Zacks Consensus Estimate and the year-ago quarter figure. In-service occupancy peaked to 97.7% in the quarter. The shares of the company also outperformed the Zacks categorized REIT and Equity Trust – Other industry over the past three months. But, its 2017 FFO per share estimate moved south over the past seven days. On May 1, Duke Realty inked a deal with a subsidiary of Healthcare Trust of America, Inc. to sell its medical office business and portfolio for a price of $2.8 billion. While this is strategic fit as it would help simplify its business model and turn into a leading domestic pure play industrial REIT, the dilutive impact on earnings cannot be bypassed. In fact, the company has lowered down its 2017 guidance for core FFO and adjusted FFO, along with the announcement of the transaction. Also, rate hike add to its worries." (5/4/2017)
• 2. UBS AG analysts commented, "Q: What do results mean for the stock? DRE reported an in-line quarter with core FFO matching both UBSe and consensus. Core metrics continue to look good, reflecting the benefits of DRE’s portfolio transformation. Office now accounts for 6% of total NOI and is expected to be ~1% by YE16. With industrial demand continuing to surprise to the upside and ecommerce growing rapidly, we see further runway for rent growth in the near-term assuming supply remains rational. Q: What were the most noteworthy areas in the report? SS NOI increased 3.5% (+6.0% in 1Q), driven by a 2.7% increase in revenues (+3.8% 1Q) and 0.8% increase in expenses (-1.2% 1Q). Industrial SS NOI was up +3.7% with MOBs up +2.3%. In-service portfolio occupancy of 96.7% was up 100bps vs. 1Q (+40bps y/y). GAAP leasing spreads on renewals were up 18.6% (+15% in 1Q), with Industrial +19% and MOB +13%. DRE started $108m of new devts (primarily spec devts) in the quarter, bringing the total development pipeline to $504m (72% pre- leased, 6.6% initial cash yield). Given the spec starts and BTS pipeline, the midpoint of devt starts guidance was increased by $75m to $500-$650m. On the dispositions front, DRE sold $179m of non-strategic assets and land at a 6.4% cap rate which included the liquidation of a 20% interest in a JV in which DRE received $24m of promote income (excluded from core FFO)." (7/28/2016)

Some companies that are related to Duke Realty Corporation include Northern Trust Corporation (NTRS), Willis Towers Watson Public Limited Company (WLTW), Deutsche Boerse AG (DBOEY), KeyCorp (KEY), Hartford Financial Services Group, Inc. (The) (HIG), Fifth Third Bancorp (FITB), National Bank of Canada (NA), Principal Financial Group (PFG), Boston Properties (BXP), Digital Realty Trust (DLR), Citizens Financial Group (CFG), Essex Property Trust (ESS), Regions Financial Corporation (RF), Erste Group Bank AG (EBKDY), Loews Corporation (L), Commerzbank AG (CRZBY), Lincoln National Corporation (LNC) and Realty Income Corporation (O).

Duke Realty Corporation's management team includes the folowing people:

• James B. Connor, President, Chief Executive Officer, Director
• Peter D. Harrington, General Partner, Executive Vice President
• Mark A. Denien, Chief Financial Officer, Executive Vice President
• Ann C. Dee, Executive Vice President, General Counsel, Corporate Secretary
• Nicholas C. Anthony, Executive Vice President
• William Cavanaugh III, Lead Independent Director
• Alan H. Cohen, Independent Director
• Ngaire E. Cuneo, Independent Director
• Charles R. Eitel, Independent Director
• Melanie R. Sabelhaus, Independent Director

Duke Realty Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (0.53%), APG Asset Management US Inc. (0.51%), NN Investment Partners Holdings N.V. (0.33%), Gateway Investment Advisers LLC (0.28%), Strs Ohio (0.24%) and Bank of Montreal Can (0.21%). Company insiders that own Duke Realty Corporation stock include Charles R Eitel, Dennis D Oklak, Jack R Shaw, Melanie R Sabelhaus, Peter M Scott III and Steven R Kennedy. View Institutional Ownership Trends for Duke Realty Corporation.

Duke Realty Corporation's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management US Inc., NN Investment Partners Holdings N.V., Strs Ohio, State of Alaska Department of Revenue, First Citizens Bank & Trust Co., Sumitomo Mitsui Asset Management Company LTD, CenturyLink Investment Management Co and Nisa Investment Advisors LLC. Company insiders that have sold Duke Realty Corporation stock in the last year include Charles R Eitel, Jack R Shaw and Peter M Scott III. View Insider Buying and Selling for Duke Realty Corporation.

Duke Realty Corporation's stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Bank of Montreal Can, Forsta AP Fonden, Mn Services Vermogensbeheer B.V., ING Groep NV, Fox Run Management L.L.C., Quantitative Systematic Strategies LLC and Meeder Asset Management Inc.. View Insider Buying and Selling for Duke Realty Corporation.

Shares of Duke Realty Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Duke Realty Corporation stock can currently be purchased for approximately $28.42.