Duke Realty Corporation (DRE) has risen sharply, recording gains of 4.28% in the past 4 weeks. However, the stock has corrected -2.78% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.75% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Duke Realty Corporation (NYSE:DRE): The stock opened at $28.23 on Friday but the bulls could not build on the opening and the stock topped out at $28.32 for the day. The stock traded down to $27.92 during the day, due to lack of any buying support eventually closed down at $27.99 with a loss of -0.89% for the day. The stock had closed at $28.24 on the previous day. The total traded volume was 1,828,127 shares.
The stock has recorded a 20-day Moving Average of 1.11% and the 50-Day Moving Average is 7.23%. Duke Realty Corporation is up 22.38% in the last 3-month period. Year-to-Date the stock performance stands at 35.47%.
Duke Realty Corporation (DRE) : The highest short term price target forecast on Duke Realty Corporation (DRE) is $31 and the lowest target price is $25. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $28.56 with a standard deviation of $2.07.
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.