Duke Realty Corporation (DRE) : Traders are bullish on Duke Realty Corporation (DRE) as it has outperformed the S&P 500 by a wide margin of 2.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.59%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.64% in the last 1 week, and is up 3.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.87% and the 50-Day Moving Average is 6.06%. Duke Realty Corporation (NYSE:DRE): stock turned positive on Friday. Though the stock opened at $28.07, the bulls momentum made the stock top out at $28.47 level for the day. The stock recorded a low of $27.99 and closed the trading day at $28.17, in the green by 0.57%. The total traded volume for the day was 1,434,731. The stock had closed at $28.01 in the previous days trading.
The company Insiders own 0.4% of Duke Realty Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -19.71% . Institutional Investors own 96.03% of Duke Realty Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -19.71%. Also, Equity Analysts at the Oppenheimer maintains the rating on Duke Realty Corporation (NYSE:DRE). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the price target from $26 per share to $31 per share. The rating by the firm was issued on July 28, 2016.
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.