Duke Realty Corporation (NYSE: DRE) is -21.63% lower on its value in year-to-date trading and has touched a low of $47.12 and a high of $66.22 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DRE stock was last observed hovering at around $52.58 in the last trading session, with the day’s loss setting it -1.14% off its average median price target of $65.00 for the next 12 months. It is also 30.49% off the consensus price target high of $74.00 offered by 10 analysts, but current levels are 8.14% higher than the price target low of $56.00 for the same period.
Currently trading at $51.44, the stock is -12.38% and -14.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.16 million and changing -2.17% at the moment leaves the stock -10.61% off its SMA200. DRE registered 5.19% gain for a year compared to 6-month gain of -8.27%.
The stock witnessed a -16.76% loss in the last 1 month and extending the period to 3 months gives it a -4.81%, and is -10.45% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.20% over the week and 2.48% over the month.
Duke Realty Corporation (DRE) has around 340 employees, a market worth around $20.24B and $1.11B in sales. Current P/E ratio is 20.74 and Fwd P/E is 54.72. Profit margin for the company is 85.50%. Distance from 52-week low is 9.17% and -22.32% from its 52-week high. The company has generated returns on investments over the last 12 months (9.60%).
Duke Realty Corporation (DRE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Duke Realty Corporation (DRE) is a “Overweight”. 10 analysts offering their recommendations for the stock, where 6 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Duke Realty Corporation is expected to release its quarterly report on 10/26/2022.The EPS is expected to grow by 179.20% this year
Duke Realty Corporation (DRE) Top Institutional Holders
The shares outstanding are 384.52M, and float is at 384.39M with Short Float at 1.34%.
Duke Realty Corporation (DRE) Insider Activity
A total of 9 insider transactions have happened at Duke Realty Corporation (DRE) in the last six months, with sales accounting for 3 and purchases happening 6 times. The most recent transaction is an insider sale by Schnur Steven W, the company’s EVP, Chief Operating Officer. SEC filings show that Schnur Steven W sold 4,431 shares of the company’s common stock on Aug 22 at a price of $62.19 per share for a total of $0.28 million. Following the sale, the insider now owns 2006.0 shares.
Duke Realty Corporation disclosed in a document filed with the SEC on Aug 15 that Schnur Steven W (EVP, Chief Operating Officer) sold a total of 2,707 shares of the company’s common stock. The trade occurred on Aug 15 and was made at $65.03 per share for $0.18 million. Following the transaction, the insider now directly holds 0.0 shares of the DRE stock.
Still, SEC filings show that on Aug 03, Denien Mark A (EVP & CFO) disposed off 9,652 shares at an average price of $62.13 for $0.6 million. The insider now directly holds 0 shares of Duke Realty Corporation (DRE).
Duke Realty Corporation (DRE): Who are the competitors?
The company’s main competitors (and peers) include W. P. Carey Inc. (WPC) that is trading 6.01% up over the past 12 months and Rexford Industrial Realty Inc. (REXR) that is -5.31% lower over the same period. EastGroup Properties Inc. (EGP) is -10.41% down on the 1-year trading charts.