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 5.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.61%, 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 4.54% in the last 1 week, and is up 8.81% 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 5.85% and the 50-Day Moving Average is 12.6%. Duke Realty Corporation is up 32.67% in the last 3-month period. Year-to-Date the stock performance stands at 39.34%.
Duke Realty Corporation (NYSE:DRE): stock turned positive on Friday. Though the stock opened at $28.18, the bulls momentum made the stock top out at $28.99 level for the day. The stock recorded a low of $28.18 and closed the trading day at $28.79, in the green by 2.24%. The total traded volume for the day was 2,382,684. The stock had closed at $28.16 in the previous days trading.
Also, Major Brokerage house, Oppenheimer maintains its ratings on Duke Realty Corporation (NYSE:DRE). In the latest research report, Oppenheimer raises the target price from $26 per share to $31 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. 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.