Duke Realty Co. (NYSE:DRE) CFO Mark A. Denien Sells 140,000 Shares

Duke Realty Co. (NYSE:DRE – Get Rating) CFO Mark A. Denien sold 140,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $62.13, for a total value of $8,698,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Duke Realty Stock Up 0.1 %

Duke Realty stock opened at $61.75 on Friday. Duke Realty Co. has a fifty-two week low of $47.12 and a fifty-two week high of $66.22. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.21 and a current ratio of 1.23. The firm has a 50 day moving average price of $55.99 and a 200 day moving average price of $55.79. The company has a market capitalization of $23.74 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 4.12 and a beta of 0.71.

Duke Realty (NYSE:DRE – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.20). The business had revenue of $280.15 million during the quarter, compared to analyst estimates of $279.80 million. Duke Realty had a return on equity of 15.66% and a net margin of 85.63%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. Research analysts expect that Duke Realty Co. will post 1.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DRE. Truist Financial dropped their target price on Duke Realty from $63.00 to $56.00 and set a “hold” rating on the stock in a research report on Tuesday, May 31st. Mizuho lowered their price objective on Duke Realty from $65.00 to $58.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Edward Jones lowered shares of Duke Realty from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Robert W. Baird lowered shares of Duke Realty from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $78.00 to $74.00 in a research report on Thursday, July 14th. Finally, Wells Fargo & Company reduced their price target on shares of Duke Realty from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Monday, June 6th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.40.

Hedge Funds Weigh In On Duke Realty

Several institutional investors have recently modified their holdings of DRE. Atwood & Palmer Inc. acquired a new position in shares of Duke Realty in the second quarter worth $26,000. Chilton Capital Management LLC acquired a new position in shares of Duke Realty in the fourth quarter worth $29,000. Bank of New Hampshire acquired a new position in shares of Duke Realty during the first quarter worth $29,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Duke Realty during the fourth quarter worth $30,000. Finally, Riverview Trust Co acquired a new position in shares of Duke Realty during the first quarter worth $31,000. Institutional investors and hedge funds own 96.91% of the company’s stock.

Duke Realty Company Profile

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Duke Realty Corporation owns and operates approximately 159 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500 Index.