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
Capitalization:- Market Cap: $10.42 billion
- Outstanding Shares: 355,732,000
Average Prices:- 50 Day Moving Avg: $29.16
- 200 Day Moving Avg: $28.00
- 52 Week Range: $22.97 - $30.14
P/E:- Trailing P/E Ratio: 7.17
- Foreward P/E Ratio: 81.33
- P/E Growth: 1.32
Sales & Book Value:- Annual Revenue: $922.63 million
- Price / Sales: 11.29
- Book Value: $12.97 per share
- Price / Book: 2.26
Dividend:- Annual Dividend: $0.76
- Dividend Yield: 2.6%
Profitability:- EBIDTA: $508.55 million
- Net Margins: 166.06%
- Return on Equity: 8.72%
- Return on Assets: 4.74%
Debt:- Debt-to-Equity Ratio: 0.49%
- Current Ratio: 4.05%
- Quick Ratio: 4.05%
Misc:- Average Volume: 3.92 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 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 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend 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) posted its earnings results on Wednesday, July, 26th. The company reported $0.33 earnings per share for the quarter, beating 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 net margin of 166.06% and a return on equity of 8.72%. During the same period in the prior year, the business earned $0.30 EPS. 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 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 objectives for Duke Realty Corporation's stock. Their forecasts range from $25.00 to $31.00. On average, they expect Duke Realty Corporation's share price to reach $29.22 in the next twelve months. View Analyst Ratings for Duke Realty Corporation.
Who are some of Duke Realty Corporation's key competitors?
Some companies that are related to Duke Realty Corporation include T. Rowe Price Group (TROW), Northern Trust Corporation (NTRS), Willis Towers Watson Public Limited Company (WLTW), Fifth Third Bancorp (FITB), KeyCorp (KEY), Hartford Financial Services Group, Inc. (The) (HIG), National Bank of Canada (NA), Boston Properties (BXP), Digital Realty Trust (DLR), Principal Financial Group (PFG), Cielo SA (CIOXY), Citizens Financial Group (CFG), Interactive Brokers Group (IBKR), General Growth Properties (GGP), Regions Financial Corporation (RF), Essex Property Trust (ESS), Lincoln National Corporation (LNC) and National Bank of Canada (NTIOF).
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 Vanguard Group Inc. (16.08%), BlackRock Inc. (12.91%), FMR LLC (10.03%), State Street Corp (5.12%), Principal Financial Group Inc. (3.27%) and Bank of New York Mellon Corp (2.63%). 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 FMR LLC, APG Asset Management US Inc., Cbre Clarion Securities LLC, Standard Life Investments LTD, Principal Financial Group Inc., Adelante Capital Management LLC, Schroder Investment Management Group and Bank of New York Mellon Corp. 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 bought by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., BlackRock Inc., Daiwa Securities Group Inc., Russell Investments Group Ltd., Lord Abbett & CO. LLC, Renaissance Technologies LLC, Northern Trust Corp and Balyasny Asset Management LLC. 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?
One share of Duke Realty Corporation stock can currently be purchased for approximately $29.28.
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.
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: | 4 Hold Ratings, 6 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.60) |
| Consensus Price Target: | $29.22 (0.20% downside) |
Analysts' Ratings History for Duke Realty Corporation (NYSE:DRE)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 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 | |
| 12/16/2016 | J P Morgan Chase & Co | Upgrade | Neutral -> Overweight | $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 | Initiated Coverage | Buy | $22.00 | N/A | |
| 12/3/2015 | Miller Tabak | Downgrade | Hold -> Sell | | N/A | |
(Data available from 9/25/2015 forward)
Earnings History for Duke Realty Corporation (NYSE:DRE)Earnings History by Quarter for Duke Realty Corporation (NYSE DRE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/24/2017 | | $0.11 | | | | | 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 | |
| 7/25/2012 | | $0.26 | $0.26 | | | View | N/A | |
| 4/25/2012 | | $0.24 | $0.24 | | | View | N/A | |
| 1/25/2012 | | $0.29 | $0.30 | | | View | N/A | |
| 10/26/2011 | | $0.29 | $0.29 | | | View | N/A | |
| 7/27/2011 | | $0.28 | $0.29 | | | View | N/A | |
| 4/27/2011 | | $0.28 | $0.28 | | | View | N/A | |
| 1/26/2011 | | $0.27 | $0.28 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Duke Realty Corporation (NYSE:DRE)2017 EPS Consensus Estimate: $1.22
2018 EPS Consensus Estimate: $1.35
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.29 | $0.31 | $0.30 |
| Q2 2017 | 2 | $0.31 | $0.32 | $0.32 |
| Q3 2017 | 2 | $0.27 | $0.32 | $0.30 |
| Q4 2017 | 3 | $0.29 | $0.34 | $0.31 |
| Q1 2018 | 2 | $0.30 | $0.32 | $0.31 |
| Q2 2018 | 2 | $0.33 | $0.34 | $0.34 |
| Q3 2018 | 2 | $0.34 | $0.35 | $0.35 |
| Q4 2018 | 2 | $0.36 | $0.36 | $0.36 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Duke Realty Corporation (NYSE:DRE)| Most Recent Dividend: | 8/31/2017 |
| Annual Dividend: | $0.76 |
| Dividend Yield: | 2.60% |
| Dividend Growth: | 2.40% (3 Year Average) |
| Payout Ratio: | 18.86% (Trailing 12 Months of Earnings)
20.49% (Based on This Year's Estimates)
211.11% (Based on Next Year's Estimates)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Duke Realty Corporation (NYSE DRE)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/26/2017 | quarterly | $0.19 | 2.63% | 8/14/2017 | 8/16/2017 | 8/31/2017 |
| 4/27/2017 | quarterly | $0.19 | 2.72% | 5/12/2017 | 5/16/2017 | 5/31/2017 |
| 1/25/2017 | quarterly | $0.19 | 3.01% | 2/14/2017 | 2/16/2017 | 2/28/2017 |
| 10/26/2016 | quarterly | $0.19 | 2.99% | 11/14/2016 | 11/16/2016 | 11/30/2016 |
| 7/27/2016 | quarterly | $0.18 | 2.56% | 8/12/2016 | 8/16/2016 | 8/31/2016 |
| 4/27/2016 | quarterly | $0.18 | 3.24% | 5/12/2016 | 5/16/2016 | 5/31/2016 |
| 1/27/2016 | quarterly | $0.18 | 3.66% | 2/11/2016 | 2/16/2016 | 2/29/2016 |
| 10/28/2015 | quarterly | $0.18 | 3.44% | 11/12/2015 | 11/16/2015 | 11/30/2015 |
| 10/28/2015 | special | $0.20 | 3.44% | 11/12/2015 | 11/16/2015 | 12/15/2015 |
| 7/31/2015 | quarterly | $0.17 | 3.37% | 8/12/2015 | 8/14/2015 | 8/31/2015 |
| 4/29/2015 | quarterly | $0.17 | 3.43% | 5/12/2015 | 5/14/2015 | 5/29/2015 |
| 1/29/2015 | quarterly | $0.17 | 3.03% | 2/12/2015 | 2/17/2015 | 2/27/2015 |
| 10/30/2014 | quarterly | $0.17 | 3.62% | 11/12/2014 | 11/14/2014 | 11/28/2014 |
| 7/30/2014 | quarterly | $0.17 | 3.78% | 8/12/2014 | 8/14/2014 | 8/29/2014 |
| 5/1/2014 | quarterly | $0.17 | 3.87% | 5/13/2014 | 5/15/2014 | 5/30/2014 |
| 1/29/2014 | quarterly | $0.17 | 4.42% | 2/12/2014 | 2/14/2014 | 2/28/2014 |
| 10/31/2013 | quarterly | $0.17 | 4.1% | 11/12/2013 | 11/14/2013 | 11/29/2013 |
| 7/31/2013 | quarterly | $0.17 | 4.21% | 8/13/2013 | 8/15/2013 | 8/30/2013 |
| 4/25/2013 | quarterly | $0.17 | 3.98% | 5/14/2013 | 5/16/2013 | 5/31/2013 |
| 1/31/2013 | quarterly | $0.17 | 4.41% | 2/11/2013 | 2/13/2013 | 2/28/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Duke Realty Corporation (NYSE:DRE)Insider Ownership Percentage: 0.26%
Institutional Ownership Percentage: 93.65%
Insider Trades by Quarter for Duke Realty Corporation (NYSE:DRE)| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for Duke Realty Corporation (NYSE:DRE)
Latest Headlines for Duke Realty Corporation (NYSE:DRE)
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Duke Realty Corporation (DRE) Chart for Monday, September, 25, 2017
