Brokerage Firm Rating Update on Duke Realty Corporation (DRE)

Duke Realty Corporation (DRE) : The consensus on Duke Realty Corporation (DRE) based on 11 analyst recommendation on the company stock is 2.23, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Duke Realty Corporation (DRE) : 9 investment research analysts covering Duke Realty Corporation (DRE) have an average price target of $28.89 for the near short term. The highest target price given by the Brokerage Firm to the stock is $31 and the lowest target is $26 for the short term. Analysts expect the variance to be within $1.62 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, BTIG Research initiates coverage on Duke Realty Corporation (NYSE:DRE). The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on August 25, 2016.

Duke Realty Corporation (NYSE:DRE): The stock opened at $28.1 and touched an intraday high of $28.38 on Wednesday. During the day, the stock corrected to an intraday low of $28, however, the bulls stepped in and pushed the price higher to close in the green at $28.31 with a gain of 0.04% for the day. The total traded volume for the day was 3,243,775. The stock had closed at $28.3 in the previous trading session.

Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial, office, medical office real estate investments and service operations. Service operations consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contractor 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). As of December 31, 2014, the Companys portfolio included owned or jointly controlled 729 industrial, offices, medical office and other properties, of which 706 properties with approximately 146.9 million square feet were in service. The Company owns interest in 500 bulk distribution industrial properties, which are primarily warehouse facilities.

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