Duke Realty Corp (NYSE:DRE) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 30, 2016
Zacks Investment Research has downgraded Duke Realty Corp (NYSE:DRE) to Hold in a statement released on 11/30/2016.
On Monday November 28, 2016, Robert W. Baird released a statement on Duke Realty Corp (NYSE:DRE) upped the target price from $0.00 to $30.00 that suggested an upside of 0.20%.
Having a price of $25.53, Duke Realty Corp (NYSE:DRE) traded -1.32% lower on the day. With the last close down -2.53% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Duke Realty Corp has recorded a 50-day average of $25.07 and a two hundred day average of $26.13. Volume of trade was down over the average, with 2,360,847 shares of DRE changing hands under the typical 2,890,920
With a total market value of $0, Duke Realty Corp has price-earnings ratio of 30.99 with a one year low of $18.52 and a one year high of $28.99 .
A total of 15 analysts have released a report on Duke Realty Corp. Three firms rating the stock a strong buy, 4 firms rating the stock a buy, 9 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $24.77.
About Duke Realty Corp (NYSE:DRE)
Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial, medical office, office real estate investments and service operations. The Service operations 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 Company conducts its Service Operations through Duke Realty Services, LLC, Duke Realty Services Limited Partnership and Duke Construction Limited Partnership (DCLP). The Company's portfolio includes owned or jointly controlled over 590 industrial, medical offices and office properties, of which approximately 560 properties with approximately 135 million square feet were in service. Its tenants are engaged in government services, manufacturing, retailing, wholesale trade, healthcare and professional services.
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