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 Wednesday, July 26th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.19 per share on Thursday, August 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.64%. View Duke Realty Corporation's Dividend History.

Duke Realty Corporation (NYSE:DRE) announced its quarterly earnings data on Wednesday, July, 26th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.31 by $0.02. The firm earned $165.84 million during the quarter, compared to analysts' expectations of $185.25 million. Duke Realty Corporation had a return on equity of 9.74% and a net margin of 37.48%. During the same quarter last year, the business posted $0.30 earnings per share. View Duke Realty Corporation's Earnings History.

Duke Realty Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Duke Realty Corporation.

Duke Realty Corporation issued an update on its FY17 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $1.20-1.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.21.

12 brokerages have issued 12 month price objectives 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 year. 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), T. Rowe Price Group (TROW), Willis Towers Watson Public Limited Company (WLTW), KeyCorp (KEY), Hartford Financial Services Group, Inc. (The) (HIG), Fifth Third Bancorp (FITB), Principal Financial Group (PFG), National Bank of Canada (NA), Boston Properties (BXP), Citizens Financial Group (CFG), Essex Property Trust (ESS), Regions Financial Corporation (RF), Loews Corporation (L), Realty Income Corporation (O), First Republic Bank (FRC), National Bank of Canada (NTIOF), Hannover Ruck SE (HVRRY) and Vornado Realty Trust (VNO).

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 many different of retail and institutional investors. Top institutional shareholders 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, Municipal Employees Retirement System of Michigan, First Citizens Bank & Trust Co., Sumitomo Mitsui Asset Management Company LTD and CenturyLink Investment Management Co. 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 purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Harbour Capital Advisors LLC, Bank of Montreal Can, Forsta AP Fonden, Mn Services Vermogensbeheer B.V., ING Groep NV, Loeb Partners Corp and Fox Run Management L.L.C.. 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 $28.75.