Duke Realty Corporation [DRE] Stock trading around $57.04 per share: What’s Next?

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Duke Realty Corporation [NYSE: DRE] stock went on an upward path that rose over 0.35% on Wednesday, amounting to a one-week price increase of more than 2.59%. The company report on June 20, 2022 that Alamos Gold Announces Completion of Construction and Initial Production at La Yaqui Grande.


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La Yaqui Grande opening ceremony.

Over the last 12 months, DRE stock rose by 17.90%. The one-year Duke Realty Corporation stock forecast points to a potential upside of 10.29.

The market cap for the stock reached $21.44 billion, with 382.71 million shares outstanding. Compared to the average trading volume of 3.42M shares, DRE stock reached a trading volume of 3412905 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Duke Realty Corporation [DRE]:

BMO Capital Markets have made an estimate for Duke Realty Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 16, 2022. The new note on the price target was released on February 03, 2022, representing the official price target for Duke Realty Corporation stock. Previously, the target price had yet another raise to $63, while Truist analysts kept a Hold rating on DRE stock.

The Average True Range (ATR) for Duke Realty Corporation is set at 1.72, with the Price to Sales ratio for DRE stock in the period of the last 12 months amounting to 19.58. The Price to Book ratio for the last quarter was 3.51, with the Price to Cash per share for the same quarter was set at 0.02.

DRE Stock Performance Analysis:

Duke Realty Corporation [DRE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.59. With this latest performance, DRE shares gained by 7.08% in over the last four-week period, additionally sinking by -11.65% over the last 6 months – not to mention a rise of 17.90% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DRE stock in for the last two-week period is set at 61.15, with the RSI for the last a single of trading hit 65.49, and the three-weeks RSI is set at 57.83 for Duke Realty Corporation [DRE]. The present Moving Average for the last 50 days of trading for this stock 53.40, while it was recorded at 56.08 for the last single week of trading, and 56.05 for the last 200 days.

Insight into Duke Realty Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Duke Realty Corporation [DRE] shares currently have an operating margin of +31.09 and a Gross Margin at +38.91. Duke Realty Corporation’s Net Margin is presently recorded at +77.00.

Return on Equity for this stock inclined to 15.20, with Return on Assets sitting at 8.71.

DRE Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DRE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Duke Realty Corporation go to 6.00%.

Duke Realty Corporation [DRE] Insider Position Details

There are presently around $20,836 million, or 98.60% of DRE stock, in the hands of institutional investors. The top three institutional holders of DRE stocks are: VANGUARD GROUP INC with ownership of 62,173,808, which is approximately 2.151% of the company’s market cap and around 0.10% of the total institutional ownership; COHEN & STEERS, INC., holding 50,145,167 shares of the stock with an approximate value of $2.85 billion in DRE stocks shares; and BLACKROCK INC., currently with $2.12 billion in DRE stock with ownership of nearly -3.613% of the company’s market capitalization.

Positions in Duke Realty Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 286 institutional holders increased their position in Duke Realty Corporation [NYSE:DRE] by around 18,681,537 shares. Additionally, 240 investors decreased positions by around 20,391,764 shares, while 92 investors held positions by with 327,491,772 shares. The mentioned changes placed institutional holdings at 366,565,073 shares, according to the latest SEC report filing. DRE stock had 60 new institutional investments in for a total of 2,111,426 shares, while 53 institutional investors sold positions of 400,081 shares during the same period.

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