Worth Watching: Time to Buy Duke Realty Corp After Today’s Huge Increase?

Worth Watching: Time to Buy Duke Realty Corp After Today's Huge Increase?

The stock of Duke Realty Corp (NYSE:DRE) is a huge mover today! About 697,195 shares traded hands. Duke Realty Corp (NYSE:DRE) has risen 12.67% since April 25, 2016 and is uptrending. It has outperformed by 6.66% the S&P500.
The move comes after 9 months positive chart setup for the $8.98 billion company. It was reported on Nov, 28 by Barchart.com. We have $27.63 PT which if reached, will make NYSE:DRE worth $808.20M more.

Analysts await Duke Realty Corp (NYSE:DRE) to report earnings on January, 25. They expect $0.31 earnings per share, up 6.90% or $0.02 from last year’s $0.29 per share. DRE’s profit will be $109.81 million for 20.44 P/E if the $0.31 EPS becomes a reality. After $0.31 actual earnings per share reported by Duke Realty Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Duke Realty Corp (NYSE:DRE) Ratings Coverage

Out of 10 analysts covering Duke Realty (NYSE:DRE), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. Duke Realty has been the topic of 17 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Duke Realty Corp (NYSE:DRE) earned “Equalweight” rating by Barclays Capital on Tuesday, July 19. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. The stock has “Buy” rating given by UBS on Wednesday, August 19. Robert W. Baird upgraded Duke Realty Corp (NYSE:DRE) on Monday, November 28 to “Outperform” rating. The stock of Duke Realty Corp (NYSE:DRE) earned “Outperform” rating by Robert W. Baird on Tuesday, August 11. The rating was downgraded by Miller Tabak to “Sell” on Monday, November 9. The rating was upgraded by Miller Tabak on Wednesday, September 9 to “Hold”. The firm has “Equalweight” rating by Barclays Capital given on Thursday, February 4. The firm earned “Buy” rating on Monday, December 14 by Goldman Sachs. The stock of Duke Realty Corp (NYSE:DRE) has “Neutral” rating given on Friday, October 28 by Mizuho.

According to Zacks Investment Research, “Duke Realty Corporation is the largest publicly traded office and industrial real estate company in the United States and a member of the Forbes Super 500. They offer a complete range of real estate products and services.”

Insitutional Activity: The institutional sentiment decreased to 1.26 in Q2 2016. Its down 0.43, from 1.69 in 2016Q1. The ratio turned negative, as 24 funds sold all Duke Realty Corp shares owned while 78 reduced positions. 39 funds bought stakes while 133 increased positions. They now own 331.94 million shares or 2.01% more from 325.39 million shares in 2016Q1.
State Street, a Massachusetts-based fund reported 17.50M shares. Employees Retirement Systems Of Texas last reported 0.14% of its portfolio in the stock. Sumitomo Mitsui Asset Ltd reported 908,710 shares or 0.74% of all its holdings. Bessemer Group Inc Inc accumulated 241 shares or 0% of the stock. Price T Rowe Associates Md last reported 223,134 shares in the company. Franklin Resource owns 975,400 shares or 0.01% of their US portfolio. Aull And Monroe Mgmt Corp holds 0.2% or 13,100 shares in its portfolio. Moreover, Weaver C Barksdale And Assoc has 0.01% invested in Duke Realty Corp (NYSE:DRE) for 179 shares. Blackrock Fund Advisors reported 14.13 million shares or 0.08% of all its holdings. The New York-based Tortoise Investment Mngmt Lc has invested 0.01% in Duke Realty Corp (NYSE:DRE). Moreover, Ent Svcs Corp has 0.01% invested in Duke Realty Corp (NYSE:DRE) for 612 shares. Fifth Third Commercial Bank, a Ohio-based fund reported 43,169 shares. Robeco Institutional Asset Mngmt Bv, a Netherlands-based fund reported 15,594 shares. Tiaa Cref Investment Ltd Liability Corporation reported 986,985 shares or 0.02% of all its holdings. Bokf Na last reported 0.05% of its portfolio in the stock.

Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 1 insider sale for $1.83 million net activity. OKLAK DENNIS D had sold 75,000 shares worth $1.83 million.

More recent Duke Realty Corp (NYSE:DRE) news were published by: Etfdailynews.com which released: “Time To Buy These Three REITs” on November 27, 2016. Also Nasdaq.com published the news titled: “Duke Realty and Baylor Scott & White Health Open New MOB” on November 25, 2016. Bizjournals.com‘s news article titled: “Duke Realty starts work on sixth warehouse at former GM site” with publication date: November 01, 2016 was also an interesting one.

DRE Company Profile

Duke Realty Corporation, incorporated on March 12, 1992, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates in four divisions: industrial, medical office, office real estate investments and service operations. The Service activities segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures. The Firm conducts its Service Operations through Duke Realty Services, LLC, Duke Realty Services Limited Partnership and Duke Construction Limited Partnership (DCLP).

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