Brokerages forecast that Duke Realty Co. (NYSE:DRE) will post sales of $183.78 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Duke Realty’s earnings, with the lowest sales estimate coming in at $177.20 million and the highest estimate coming in at $190.61 million. Duke Realty reported sales of $217.92 million in the same quarter last year, which would suggest a negative year over year growth rate of 15.7%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, April 25th.
According to Zacks, analysts expect that Duke Realty will report full year sales of $760.73 million for the current financial year, with estimates ranging from $727.74 million to $805.09 million. For the next financial year, analysts anticipate that the business will post sales of $823.63 million per share, with estimates ranging from $757.01 million to $900.43 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Duke Realty.
Duke Realty (NYSE:DRE) last released its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.13). The business had revenue of $179.39 million for the quarter, compared to the consensus estimate of $175.00 million. Duke Realty had a return on equity of 6.28% and a net margin of 197.59%.
In related news, Director Charles R. Eitel sold 5,242 shares of Duke Realty stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $24.96, for a total transaction of $130,840.32. Following the completion of the transaction, the director now directly owns 4,927 shares of the company’s stock, valued at approximately $122,977.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.24% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB raised its stake in shares of Duke Realty by 8.3% in the fourth quarter. Xact Kapitalforvaltning AB now owns 106,152 shares of the real estate investment trust’s stock worth $2,888,000 after acquiring an additional 8,136 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Duke Realty by 74.1% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 380,039 shares of the real estate investment trust’s stock worth $10,341,000 after acquiring an additional 161,715 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Duke Realty by 45.1% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 22,200 shares of the real estate investment trust’s stock worth $604,000 after acquiring an additional 6,900 shares during the last quarter. Brookfield Asset Management Inc. raised its stake in shares of Duke Realty by 1.4% in the fourth quarter. Brookfield Asset Management Inc. now owns 5,076,574 shares of the real estate investment trust’s stock worth $138,134,000 after acquiring an additional 70,100 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in shares of Duke Realty in the fourth quarter worth about $2,998,000. 94.05% of the stock is owned by institutional investors.
Shares of NYSE:DRE traded up $0.22 during midday trading on Wednesday, reaching $25.94. 1,794,468 shares of the company’s stock were exchanged, compared to its average volume of 2,778,809. The company has a market capitalization of $9,181.77, a price-to-earnings ratio of 20.74, a PEG ratio of 4.64 and a beta of 0.72. Duke Realty has a 12 month low of $24.30 and a 12 month high of $30.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 4.43 and a current ratio of 4.43.
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Duke Realty Company Profile
Duke Realty Corporation owns and operates approximately 146 million rentable square feet of industrial assets in 21 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index. More information about Duke Realty Corporation is available at www.dukerealty.com.
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