Duke Realty (NYSE:DRE) target price lowered to $28.00, issued a report today by RBC Capital Markets
- Updated: November 27, 2016
Duke Realty (NYSE:DRE) had its stock price target reduced to $28.00 by RBC Capital Markets in an issued report announced 11/22/2016. The dropped price target suggests a potential upside of 0.15% from the company's most recent stock price close.
On 02/05/2016, BB&T Capital Markets released a statement for Duke Realty (NYSE:DRE) bumped up the target price from $22.00 to $23.00 that suggested an upside of 0.17%.
Boasting a price of $24.41, Duke Realty (NYSE:DRE) traded 1.01% higher on the day. With the last stock price close down -4.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Duke Realty has recorded a 50-day average of $25.07 and a two hundred day average of $26.08. Volume of trade was down over the average, with 1,391,351 shares of DRE changing hands under the typical 2,870,560
With a total market value of $0, Duke Realty has price-earnings ratio of 30.39 with a one year low of $18.52 and a one year high of $28.99 .
A total of 15 equity analysts have released a ratings update on DRE. Three equity analysts rating the company a strong buy, four equity analysts rating the company a buy, nine equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $24.77.
Brief Synopsis About Duke Realty (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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