Somewhat Positive Media Coverage Somewhat Unlikely to Impact Duke Realty (DRE) Stock Price
Press coverage about Duke Realty (NYSE:DRE) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Duke Realty earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 44.9735533162543 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms have recently weighed in on DRE. JPMorgan Chase & Co. lowered shares of Duke Realty from an “overweight” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Tuesday, September 26th. Zacks Investment Research lowered shares of Duke Realty from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Royal Bank of Canada lowered shares of Duke Realty from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $29.00 to $31.00 in a research report on Wednesday, January 3rd. Morgan Stanley restated an “overweight” rating and set a $31.00 price objective on shares of Duke Realty in a research report on Thursday, December 14th. Finally, BMO Capital Markets set a $30.00 price objective on shares of Duke Realty and gave the company a “hold” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $29.75.
Shares of Duke Realty (NYSE:DRE) traded up $0.08 on Friday, hitting $25.71. 2,352,922 shares of the company’s stock traded hands, compared to its average volume of 2,007,030. Duke Realty has a one year low of $23.93 and a one year high of $30.14. The firm has a market capitalization of $9,127.89, a PE ratio of 6.17, a price-to-earnings-growth ratio of 4.66 and a beta of 0.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.23 and a current ratio of 3.23.
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About Duke Realty
Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments.
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