About Duke Realty (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
Industry Industrial REITs
Trailing P/E Ratio32.2405063291139
Forward P/E Ratio20.06
Sales & Book Value
Annual Sales$780.93 million
Price / Sales11.64
Cash Flow$1.65 per share
Price / Cash15.41
Book Value$12.81 per share
Price / Book1.99
Net Income$1.63 billion
Return on Equity6.28%
Return on Assets3.80%
Duke Realty (NYSE:DRE) Frequently Asked Questions
What is Duke Realty's stock symbol?
Duke Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRE."
How often does Duke Realty pay dividends? What is the dividend yield for Duke Realty?
Duke Realty announced a quarterly dividend on Wednesday, January 31st. Investors of record on Thursday, February 15th will be paid a dividend of $0.20 per share on Wednesday, February 28th. This represents a $0.80 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Wednesday, February 14th. View Duke Realty's Dividend History.
How were Duke Realty's earnings last quarter?
Duke Realty Corp (NYSE:DRE) announced its quarterly earnings data on Wednesday, October, 25th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The real estate investment trust had revenue of $169.61 million for the quarter, compared to analyst estimates of $168.75 million. Duke Realty had a return on equity of 6.28% and a net margin of 197.59%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. View Duke Realty's Earnings History.
When will Duke Realty make its next earnings announcement?
What guidance has Duke Realty issued on next quarter's earnings?
Duke Realty issued an update on its FY18 earnings guidance on Wednesday, January, 31st. The company provided earnings per share (EPS) guidance of $1.24-1.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.26.
Where is Duke Realty's stock going? Where will Duke Realty's stock price be in 2018?
11 equities research analysts have issued 1-year price targets for Duke Realty's shares. Their predictions range from $25.00 to $32.00. On average, they anticipate Duke Realty's stock price to reach $29.60 in the next twelve months. View Analyst Ratings for Duke Realty.
Who are some of Duke Realty's key competitors?
Some companies that are related to Duke Realty include Ventas (VTR), KKR & Co. L.P. (KKR), Credicorp (BAP), Lincoln National (LNC), Legal & General Group (LGEN), AEGON (AEG), Realty Income (O), London Stock Exchange Group (LSE), Cna Financial (CNA), Nasdaq (NDAQ), Invesco (IVZ), SVB Financial Group (SIVB), Raymond James Financial (RJF), Vornado Realty Trust (VNO), Cincinnati Financial (CINF), Old Mutual (OML), Ally Financial (ALLY) and Annaly Capital Management (NLY).
Who are Duke Realty's key executives?
Duke Realty's management team includes the folowing people:
- James B. Connor, President, Chief Executive Officer, Director (Age 58)
- Peter D. Harrington, General Partner, Executive Vice President (Age 53)
- Mark A. Denien, Chief Financial Officer, Executive Vice President (Age 49)
- Ann C. Dee, Executive Vice President, General Counsel, Corporate Secretary (Age 57)
- Nicholas C. Anthony, Executive Vice President (Age 51)
- William Cavanaugh III, Lead Independent Director (Age 78)
- John P. Case III, Director (Age 53)
- Norman K. Jenkins, Director
- David P. Stockert, Director (Age 55)
- Chris Sultemeier, Director
Who owns Duke Realty stock?
Duke Realty's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.70%), Bank of New York Mellon Corp (2.61%), Daiwa Securities Group Inc. (1.74%), Brookfield Asset Management Inc. (1.43%), Lasalle Investment Management Securities LLC (1.35%) and Geode Capital Management LLC (1.30%). Company insiders that own Duke Realty 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.
Who sold Duke Realty stock? Who is selling Duke Realty stock?
Duke Realty's stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Goldman Sachs Group Inc., Millennium Management LLC, Standard Life Aberdeen plc, Renaissance Technologies LLC, Teachers Insurance & Annuity Association of America, Lasalle Investment Management Securities LLC and Guggenheim Capital LLC. Company insiders that have sold Duke Realty company stock in the last year include Jack R Shaw, Peter D Harrington and Peter M Scott III. View Insider Buying and Selling for Duke Realty.
Who bought Duke Realty stock? Who is buying Duke Realty stock?
Duke Realty's stock was purchased by a variety of institutional investors in the last quarter, including AEW Capital Management L P, BlackRock Inc., Arrowstreet Capital Limited Partnership, Amundi Pioneer Asset Management Inc., Sei Investments Co., Ranger Global Real Estate Advisors LLC, Schroder Investment Management Group and Assetmark Inc.. View Insider Buying and Selling for Duke Realty.
How do I buy Duke Realty stock?
Shares of Duke Realty can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Duke Realty's stock price today?
One share of Duke Realty stock can currently be purchased for approximately $25.47.
How big of a company is Duke Realty?
Duke Realty has a market capitalization of $9.07 billion and generates $780.93 million in revenue each year. The real estate investment trust earns $1.63 billion in net income (profit) each year or $0.79 on an earnings per share basis.
How can I contact Duke Realty?
Duke Realty's mailing address is 600 E 96th St Ste 100, INDIANAPOLIS, IN 46240-3792, United States. The real estate investment trust can be reached via phone at +1-317-8086000 or via email at [email protected]
MarketBeat Community Rating for Duke Realty (DRE)MarketBeat's community ratings are surveys of what our community members think about Duke Realty 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.
Duke Realty (NYSE:DRE) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Buy||Buy|
|Consensus Rating Score: ||2.27||2.40||2.50||2.60|
|Ratings Breakdown: ||1 Sell Rating(s)|
6 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
4 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$29.60||$29.80||$29.56||$29.00|
|Price Target Upside: ||16.67% upside||10.82% upside||4.14% upside||3.02% upside|
Duke Realty (NYSE:DRE) Consensus Price Target History
Duke Realty (NYSE:DRE) Analyst Ratings History
(Data available from 2/24/2016 forward)
Duke Realty (NYSE:DRE) Earnings History and Estimates Chart
Duke Realty (NYSE DRE) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/25/2017||Q3 2017||$0.29||$0.30||$168.75 million||$169.61 million||View||N/A|
|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|
Duke Realty (NYSE:DRE) Earnings Estimates
2018 EPS Consensus Estimate: $1.30
2019 EPS Consensus Estimate: $1.38
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Duke Realty (NYSE:DRE) Dividend Information
|Dividend Growth:||4.20% (3 Year Average)|
|Payout Ratio:||101.27% (Trailing 12 Months of Earnings) |
62.99% (Based on This Year's Estimates)
58.39% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Duke Realty (NYSE:DRE) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Duke Realty (NYSE DRE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.26%
Institutional Ownership Percentage: 94.30%
Duke Realty (NYSE DRE) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After 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||4,949|| |
|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||42,691|| |
|6/8/2016||Dennis D Oklak||Chairman||Sell||75,000||$24.41||$1,830,750.00||305,444|| |
|5/4/2016||Steven R Kennedy||EVP||Sell||820||$22.14||$18,154.80||42,369|| |
|3/9/2016||Steven R Kennedy||EVP||Sell||25,103||$21.28||$534,191.84||42,369|| |
|2/25/2016||Charles R Eitel||Director||Sell||3,500||$20.76||$72,660.00||5,104|| |
|2/24/2016||Jack R Shaw||Director||Sell||3,943||$20.16||$79,490.88||7,096|| |
|12/30/2015||Dennis D Oklak||CEO||Sell||8,656||$21.36||$184,892.16||309,878|| |
|12/22/2015||Dennis D Oklak||CEO||Sell||24,700||$21.05||$519,935.00||318,534|| |
|12/21/2015||Dennis D Oklak||CEO||Sell||14,225||$21.00||$298,725.00||343,234|| |
|12/15/2015||Dennis D Oklak||CEO||Sell||25,000||$20.53||$513,250.00||354,790|| |
|12/4/2015||Dennis D Oklak||CEO||Sell||50,000||$20.77||$1,038,500.00||383,790|| |
|12/1/2015||Dennis D. Oklak||CEO||Sell||5,317||$20.70||$110,061.90||433,790|| |
|11/24/2015||Dennis D Oklak||CEO||Sell||25,500||$20.05||$511,275.00||436,689|| |
|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||2,854|| |
|5/7/2014||Thomas Baltimore, Jr.||Director||Sell||25,000||$17.35||$433,750.00||46,957|| |
|3/12/2014||Charles Eitel||Director||Sell||5,000||$16.68||$83,400.00||6,145|| |
|3/3/2014||Steven Kennedy||EVP||Sell||25,699||$16.97||$436,112.03||59,587|| |
|9/23/2013||Charles Eitel||Director||Sell||5,000||$15.90||$79,500.00||6,398|| |
|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|| |
Duke Realty (NYSE DRE) News Headlines
Duke Realty (NYSE:DRE) SEC Filings
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Duke Realty (NYSE:DRE) Income Statement, Balance Sheet and Cash Flow Statement
Duke Realty (NYSE DRE) Stock Chart for Saturday, February, 24, 2018