Duke Realty (NYSE:DRE – Get Rating) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.46, MarketWatch Earnings reports. Duke Realty had a return on equity of 17.79% and a net margin of 93.39%. The firm had revenue of $275.20 million for the quarter, compared to analyst estimates of $266.97 million. During the same quarter last year, the company posted $0.39 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Duke Realty updated its FY22 guidance to $1.88-1.94 EPS.
Shares of NYSE:DRE opened at $54.75 on Friday. The business’s 50 day simple moving average is $56.80 and its 200-day simple moving average is $57.93. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 4.66 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.52 and a quick ratio of 1.52. Duke Realty has a 12 month low of $44.13 and a 12 month high of $66.22.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, May 13th. Duke Realty’s dividend payout ratio (DPR) is 41.64%.
A number of research firms recently issued reports on DRE. Wells Fargo & Company lowered their price target on Duke Realty from $64.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 15th. StockNews.com began coverage on Duke Realty in a report on Thursday, March 31st. They set a “hold” rating on the stock. BMO Capital Markets lowered Duke Realty from an “outperform” rating to a “market perform” rating and set a $68.00 price target on the stock. in a report on Friday, January 7th. Raymond James raised their price target on Duke Realty from $61.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, January 10th. Finally, Truist Financial raised Duke Realty from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Thursday, February 3rd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $61.60.
About Duke Realty (Get Rating)
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.
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