Robert W. Baird slashes price target on Duke Realty Corporation [DRE] – find out why.

Duke Realty Corporation [NYSE: DRE] closed the trading session at $55.07 on 09/15/22. The day’s price range saw the stock hit a low of $55.025, while the highest price level was $57.43. The company report on September 1, 2022 that Duke Realty Declares Quarterly Dividend.

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The Board of Directors of Duke Realty Corporation (NYSE: DRE) today declared a quarterly cash distribution on its common stock of $0.28 per share, or $1.12 per share on an annualized basis. The third quarter dividend will be payable on September 30, 2022, to shareholders of record at the close of business on September 15, 2022.

The stocks have a year to date performance of -16.10 percent and weekly performance of -8.91 percent. The stock has been moved at 0.36 percent over the last six months. The stock has performed -14.98 percent around the most recent 30 days and changed 2.59 percent over the most recent 3-months.

If compared to the average trading volume of 2.37M shares, DRE reached to a volume of 4433315 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Duke Realty Corporation [DRE]:

Robert W. Baird have made an estimate for Duke Realty Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 15, 2022. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $68 to $65. The new note on the price target was released on May 16, 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 Buy rating on DRE stock.

The Average True Range (ATR) for Duke Realty Corporation is set at 1.50, with the Price to Sales ratio for DRE stock in the period of the last 12 months amounting to 19.08. The Price to Book ratio for the last quarter was 3.36, with the Price to Cash per share for the same quarter was set at 0.12.

DRE stock trade performance evaluation

Duke Realty Corporation [DRE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.91. With this latest performance, DRE shares dropped by -14.98% in over the last four-week period, additionally plugging by 0.36% over the last 6 months – not to mention a rise of 8.79% 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 31.63, with the RSI for the last a single of trading hit 25.58, and the three-weeks RSI is set at 36.74 for Duke Realty Corporation [DRE]. The present Moving Average for the last 50 days of trading for this stock 60.41, while it was recorded at 58.86 for the last single week of trading, and 57.63 for the last 200 days.

Duke Realty Corporation [DRE]: An insightful look at the core 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.

Earnings per share (EPS) analysis for Duke Realty Corporation [DRE] stock

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 Ownership positions

There are presently around $20,614 million, or 99.45% of DRE stock, in the hands of institutional investors. The top three institutional holders of DRE stocks are: VANGUARD GROUP INC with ownership of 62,598,559, which is approximately 0.683% of the company’s market cap and around 0.15% of the total institutional ownership; COHEN & STEERS, INC., holding 46,853,079 shares of the stock with an approximate value of $2.58 billion in DRE stocks shares; and BLACKROCK INC., currently with $2.05 billion in DRE stock with ownership of nearly -0.25% of the company’s market capitalization.

284 institutional holders increased their position in Duke Realty Corporation [NYSE:DRE] by around 36,072,070 shares. Additionally, 262 investors decreased positions by around 25,841,060 shares, while 95 investors held positions by with 312,403,723 shares. The mentioned changes placed institutional holdings at 374,316,853 shares, according to the latest SEC report filing. DRE stock had 77 new institutional investments in for a total of 12,197,893 shares, while 68 institutional investors sold positions of 2,839,131 shares during the same period.


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