About Duke Realty Corporation (NYSE:DRE)
Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments. The operations of its industrial and medical office properties, as well as its rental operations, are collectively referred to as Rental Operations. The third segment includes real estate services, such as property management, asset management, leasing, development, general contracting and construction management. Its Service Operations segment also includes its taxable REIT subsidiary, through which certain of the segment's operations are conducted. It maintains a Baa1 rating from Moody's Investor Service, Inc. and a BBB+ rating from Standard & Poor's Financial Services LLC.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Industrial REITs
- Sub-Industry: Diversified REITs
- Symbol: NYSE:DRE
- CUSIP: 26441150
- Web: www.dukerealty.com
- Market Cap: $10.26 billion
- Outstanding Shares: 355,732,000
- 50 Day Moving Avg: $29.19
- 200 Day Moving Avg: $28.51
- 52 Week Range: $22.97 - $30.14
Sales & Book Value:
- Trailing P/E Ratio: 7.11
- Foreward P/E Ratio: 82.43
- P/E Growth: 1.30
- Annual Revenue: $922.63 million
- Price / Sales: 11.12
- Book Value: $12.97 per share
- Price / Book: 2.22
- Annual Dividend: $0.76
- Dividend Yield: 2.6%
- EBITDA: $508.55 million
- Net Margins: 166.06%
- Return on Equity: 8.72%
- Return on Assets: 4.74%
- Debt-to-Equity Ratio: 0.49%
- Current Ratio: 4.05%
- Quick Ratio: 4.05%
- Average Volume: 3.48 million shs.
- Beta: 0.93
- Short Ratio: 1.99
Frequently Asked Questions for Duke Realty Corporation (NYSE:DRE)
What is Duke Realty Corporation's stock symbol?
Duke Realty Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRE."
How often does Duke Realty Corporation pay dividends? What is the dividend yield for Duke Realty Corporation?
Duke Realty Corporation announced a quarterly dividend on Wednesday, July 26th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.19 per share on Thursday, August 31st. This represents a $0.76 annualized dividend and a yield of 2.63%. The ex-dividend date is Monday, August 14th. View Duke Realty Corporation's Dividend History.
How were Duke Realty Corporation's earnings last quarter?
Duke Realty Corporation (NYSE:DRE) announced its earnings results on Wednesday, July, 26th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. The business had revenue of $165.84 million for the quarter, compared to analyst estimates of $185.25 million. Duke Realty Corporation had a net margin of 166.06% and a return on equity of 8.72%. During the same quarter in the previous year, the firm posted $0.30 earnings per share. View Duke Realty Corporation's Earnings History.
When will Duke Realty Corporation make its next earnings announcement?
What guidance has Duke Realty Corporation issued on next quarter's earnings?
Duke Realty Corporation issued an update on its FY17 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $1.20-1.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.21.
Where is Duke Realty Corporation's stock going? Where will Duke Realty Corporation's stock price be in 2017?
10 analysts have issued 1 year price targets for Duke Realty Corporation's shares. Their predictions range from $25.00 to $31.00. On average, they anticipate Duke Realty Corporation's share price to reach $29.44 in the next twelve months. View Analyst Ratings for Duke Realty Corporation.
Who are some of Duke Realty Corporation's key competitors?
Who are Duke Realty Corporation's key executives?
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
- Norman K. Jenkins, Director
- Alan H. Cohen, Independent Director
- Ngaire E. Cuneo, Independent Director
- Charles R. Eitel, Independent Director
Who owns Duke Realty Corporation stock?
Duke Realty Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include APG Asset Management N.V. (0.05%), Mutual of America Capital Management LLC (0.04%), State Treasurer State of Michigan (0.03%), Quantitative Systematic Strategies LLC (0.03%), Shell Asset Management Co. (0.01%) and Wealth Enhancement Advisory Services LLC (0.01%). Company insiders that own Duke Realty Corporation stock include Charles R Eitel, Dennis D Oklak, Jack R Shaw, Melanie R Sabelhaus, Peter D Harrington, Peter M Scott III and Steven R Kennedy. View Institutional Ownership Trends for Duke Realty Corporation.
Who sold Duke Realty Corporation stock? Who is selling Duke Realty Corporation stock?
Duke Realty Corporation's stock was sold by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC, APG Asset Management N.V., State Treasurer State of Michigan, LS Investment Advisors LLC and Oakbrook Investments LLC. Company insiders that have sold Duke Realty Corporation stock in the last year include Charles R Eitel, Jack R Shaw, Peter D Harrington and Peter M Scott III. View Insider Buying and Selling for Duke Realty Corporation.
Who bought Duke Realty Corporation stock? Who is buying Duke Realty Corporation stock?
Duke Realty Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Quantitative Systematic Strategies LLC, Wealth Enhancement Advisory Services LLC, Shell Asset Management Co., Meeder Asset Management Inc. and Eqis Capital Management Inc.. View Insider Buying and Selling for Duke Realty Corporation.
How do I buy Duke Realty Corporation stock?
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.
What is Duke Realty Corporation's stock price today?
MarketBeat Community Rating for Duke Realty Corporation (NYSE DRE)MarketBeat's community ratings are surveys of what our community members think about Duke Realty Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Duke Realty Corporation stock can currently be purchased for approximately $28.85.
Consensus Ratings for Duke Realty Corporation (NYSE:DRE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||5 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$29.44 (2.06% upside)|Consensus Price Target History for Duke Realty Corporation (NYSE:DRE)
Analysts' Ratings History for Duke Realty Corporation (NYSE:DRE)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/26/2017||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$30.00||Medium|
|9/21/2017||Stifel Nicolaus||Reiterated Rating||Buy||$31.00||Low|
|9/11/2017||BMO Capital Markets||Initiated Coverage||Market Perform||$30.00||Medium|
|7/18/2017||Barclays PLC||Lower Price Target||Equal Weight||$26.00 -> $25.00||Low|
|7/17/2017||Morgan Stanley||Boost Price Target||Overweight||$29.00 -> $31.00||Medium|
|6/23/2017||Bank of America Corporation||Downgrade||Buy -> Neutral||$32.00 -> $30.00||Low|
|6/7/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$30.00||Low|
|2/6/2017||Mizuho||Upgrade||Neutral -> Buy||$27.00 -> $28.00||N/A|
|12/13/2016||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||N/A|
|11/28/2016||Robert W. Baird||Upgrade||Neutral -> Outperform||$30.00||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
|7/28/2016||Oppenheimer Holdings, Inc.||Boost Price Target||Outperform||$26.00 -> $31.00||N/A|
|7/7/2016||Citigroup Inc.||Boost Price Target||Neutral||$24.00 -> $27.00||N/A|
|2/5/2016||BB&T Corporation||Boost Price Target||Hold||$22.50 -> $23.00||N/A|
|12/14/2015||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Buy||$22.00||N/A|
|12/3/2015||Miller Tabak||Downgrade||Hold -> Sell||N/A|
Earnings History for Duke Realty Corporation (NYSE:DRE)Earnings History by Quarter for Duke Realty Corporation (NYSE DRE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$0.31||$0.33||$185.25 million||$165.84 million||View||N/A|
|4/26/2017||Q1 2017||$0.29||$0.32||$204.47 million||$227.30 million||View||N/A|
|1/25/2017||Q416||$0.30||$0.31||$205.04 million||$204.26 million||View||Listen|
|10/26/2016||Q316||$0.30||$0.31||$201.81 million||$226.19 million||View||Listen|
|7/27/2016||Q2||$0.30||$0.30||$202.67 million||$200.50 million||View||Listen|
|4/27/2016||Q116||$0.28||$0.28||$199.59 million||$224.90 million||View||Listen|
|1/27/2016||Q4||$0.29||$0.29||$200.22 million||$198.52 million||View||Listen|
|10/28/2015||Q315||$0.29||$0.29||$203.92 million||$234.50 million||View||Listen|
|7/29/2015||Q2||$0.29||$0.28||$215.71 million||$225.90 million||View||Listen|
|4/29/2015||Q115||$0.30||$0.31||$239.30 million||$267.40 million||View||Listen|
|1/28/2015||Q414||$0.30||$0.30||$233.73 million||$238.00 million||View||Listen|
|10/29/2014||Q314||$0.30||$0.30||$235.40 million||$231.30 million||View||Listen|
|7/30/2014||Q214||$0.29||$0.30||$235.85 million||$233.50 million||View||Listen|
|4/30/2014||Q114||$0.28||$0.28||$221.54 million||$237.35 million||View||Listen|
|1/30/2014||Q413||$0.27||$0.29||$220.27 million||$227.03 million||View||Listen|
|10/31/2013||Q313||$0.28||$0.28||$236.24 million||$291.69 million||View||Listen|
|7/31/2013||Q2 2013||$0.26||$0.27||$223.96 million||$275.46 million||View||Listen|
|4/24/2013||Q1 2013||$0.26||$0.26||$222.80 million||$221.26 million||View||Listen|
|1/30/2013||Q4 2012||$0.27||$0.27||$210.75 million||$220.90 million||View||Listen|
|10/31/2012||Q312||$0.26||$0.26||$205.87 million||$302.89 million||View||N/A|
Earnings Estimates for Duke Realty Corporation (NYSE:DRE)
2017 EPS Consensus Estimate: $1.22
2018 EPS Consensus Estimate: $1.35
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Duke Realty Corporation (NYSE:DRE)
|Most Recent Dividend:||8/31/2017|
|Dividend Growth:||2.40% (3 Year Average)|
|Payout Ratio:||18.86% (Trailing 12 Months of Earnings) |
20.49% (Based on This Year's Estimates)
217.14% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Duke Realty Corporation (NYSE DRE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Duke Realty Corporation (NYSE:DRE)
Insider Ownership Percentage: 0.26%Insider Trades by Quarter for Duke Realty Corporation (NYSE:DRE)
Institutional Ownership Percentage: 93.67%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/2/2017||Peter D. Harrington||EVP||Sell||30,000||$28.87||$866,100.00|| |
|5/30/2017||Melanie R. Sabelhaus||Director||Buy||350||$28.60||$10,010.00|| |
|5/15/2017||Peter M. Scott III||Director||Sell||2,500||$28.25||$70,625.00|| |
|5/3/2017||Jack R. Shaw||Director||Sell||4,803||$27.57||$132,418.71|| |
|2/22/2017||Charles R Eitel||Director||Sell||5,246||$25.52||$133,877.92|| |
|6/28/2016||Charles R. Eitel||Director||Sell||3,575||$25.94||$92,735.50|| |
|6/23/2016||Steven R Kennedy||EVP||Sell||26,649||$25.41||$677,151.09|| |
|6/8/2016||Dennis D Oklak||Chairman||Sell||75,000||$24.41||$1,830,750.00|| |
|5/4/2016||Steven R Kennedy||EVP||Sell||820||$22.14||$18,154.80|| |
|3/9/2016||Steven R Kennedy||EVP||Sell||25,103||$21.28||$534,191.84|| |
|2/25/2016||Charles R Eitel||Director||Sell||3,500||$20.76||$72,660.00|| |
|2/24/2016||Jack R Shaw||Director||Sell||3,943||$20.16||$79,490.88|| |
|12/30/2015||Dennis D Oklak||CEO||Sell||8,656||$21.36||$184,892.16|| |
|12/22/2015||Dennis D Oklak||CEO||Sell||24,700||$21.05||$519,935.00|| |
|12/21/2015||Dennis D Oklak||CEO||Sell||14,225||$21.00||$298,725.00|| |
|12/15/2015||Dennis D Oklak||CEO||Sell||25,000||$20.53||$513,250.00|| |
|12/4/2015||Dennis D Oklak||CEO||Sell||50,000||$20.77||$1,038,500.00|| |
|12/1/2015||Dennis D. Oklak||CEO||Sell||5,317||$20.70||$110,061.90|| |
|11/24/2015||Dennis D Oklak||CEO||Sell||25,500||$20.05||$511,275.00|| |
|6/8/2015||James D Bremner||President||Sell||18,000||$19.10||$343,800.00|| |
|3/23/2015||James B Connor||COO||Sell||9,000||$22.51||$202,590.00|| |
|3/11/2015||James D Bremner||President||Sell||7,100||$20.39||$144,769.00|| |
|3/9/2015||Jack R Shaw||Director||Sell||6,496||$20.38||$132,388.48|| |
|3/4/2015||Steven R Kennedy||EVP||Sell||25,482||$21.10||$537,670.20|| |
|2/27/2015||Charles R Eitel||Director||Sell||4,824||$21.48||$103,619.52|| |
|2/18/2015||Charles R Eitel||Director||Sell||1,451||$21.54||$31,254.54|| |
|2/9/2015||James D Bremner||President||Sell||10,000||$21.24||$212,400.00|| |
|11/19/2014||James B Connor||COO||Sell||12,000||$18.91||$226,920.00|| |
|9/9/2014||James D Bremner||President||Sell||20,000||$18.40||$368,000.00|| |
|8/18/2014||James B Connor||COO||Sell||55,000||$18.36||$1,009,800.00|| |
|8/11/2014||Michael E Szymanczyk||Director||Buy||10,000||$18.17||$181,700.00|| |
|6/26/2014||Dennis D Oklak||CEO||Sell||94,735||$17.99||$1,704,282.65|| |
|5/14/2014||Michael Szymanczyk||Director||Buy||10,000||$17.53||$175,300.00|| |
|5/7/2014||Thomas Baltimore, Jr.||Director||Sell||25,000||$17.35||$433,750.00|| |
|3/12/2014||Charles Eitel||Director||Sell||5,000||$16.68||$83,400.00|| |
|3/3/2014||Steven Kennedy||EVP||Sell||25,699||$16.97||$436,112.03|| |
|9/23/2013||Charles Eitel||Director||Sell||5,000||$15.90||$79,500.00|| |
|6/25/2013||Peter M Scott III||Director||Buy||5,000||$14.80||$74,000.00|| |
|6/24/2013||Mark A Denien||CFO||Buy||2,000||$14.48||$28,960.00|| |
|5/10/2013||Charles R Eitel||Director||Sell||3,500||$18.36||$64,260.00|| |
Headline Trends for Duke Realty Corporation (NYSE:DRE)
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Duke Realty Corporation (DRE) Chart for Sunday, October, 22, 2017