Duke Realty Corporation (NYSE:DRE) stock is presently standing at about $25.06 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 15 analysts covering the company is $28.00, which suggests the stock could still rise over 10 percent. The highest analyst price target is $31.00, which implies a rally of 76 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 3 rate DRE a strong buy. There are 9 equity research firms advocating a Hold and 0 consider it Sell.
Mizuho analysts provided their view on Duke Realty Corporation (NYSE:DRE) recently. The rating firm issued a Buy rating to this company in a research note released on Feb 06, 2017. UBS analysts disclosed their opinion on Duke Realty Corporation (NYSE:DRE) recently. The rating firm gave a Neutral rating to this stock in a research note published on Jan 27, 2017. According to a research note disclosed on Dec 13, 2016, analysts at Wells Fargo have lowered their rating on these shares from Outperform to Market Perform.
Duke Realty Corporation (NYSE:DRE) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director EITEL CHARLES R sold 5,246 company shares for 133880, in a transaction on 2017-02-22. Following the transaction, the Director is left with a stake of 4,949 shares, currently valued at $124022. Meanwhile, Director EITEL CHARLES R sold 3,575 shares worth $92740, through a transaction dated 2016-06-28. Following the completion of the transaction, the insider is left with a stake of 5,180 shares, amounting $129810.8. DRE EVP, Construction KENNEDY STEVEN R also sold 26,649 shares, at a stock price of $25.41. This transaction occurred on 2016-06-23 totals $677150. After this transaction, the insider’s stake stands at 48,716 shares, with a market value of $1220823.
Executives hold 0.83 percent of the stock. Mr. Darell E. Zink,Jr is one of the biggest insider owners in Duke Realty Corporation (NYSE:DRE), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 544,787 shares which have current market value of around $13652362.22.Dennis D. Oklak is another major inside shareholder in the company. The insider owns 315,622 shares as of less than 0.1%, currently worth $7909487.32. James B. Connor is ranked as third insider holder of the stock. This insider holds 185,389 shares with a market value around $4645848.34 as of recent close.
Duke Realty Corporation (NYSE:DRE) Earnings Outlook
In Duke Realty Corporation (NYSE:DRE)’s latest quarter, EPS moved to $0.31 from $0.31 in preceding quarter and revenues reached at $204.26M compared to $206.85M. Analysts had expected Duke Realty Corporation (NYSE:DRE) to post net income of about $0.30 per share on $204.63M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.28 to $0.30. That is compared with the $0.28 in EPS it reported during the same period a year ago.