Mizuho Upgrades Duke Realty Corp to Buy with Price Target $28

Brokerage firm Mizuho Upgrades its rating on Duke Realty Corp(DRE). As per the latest information, Mizuho Raises the price target to $28 per share from a prior target of $27. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Mizuho was issued on Feb 6, 2017.

In a different note, On Jan 27, 2017, UBS said it Downgrades its rating on Duke Realty Corp. The shares have been rated ‘Neutral’ by the firm. On Dec 16, 2016, JP Morgan said it Upgrades its rating on Duke Realty Corp. The shares have been rated ‘Overweight’ by the firm. On Dec 13, 2016, Wells Fargo said it Downgrades its rating on Duke Realty Corp. The shares have been rated ‘Market Perform’ by the firm.

Duke Realty Corp (DRE) shares turned negative on Tuesdays trading session with the shares closing down -0.18 points or -0.72% at a volume of 18,15,029. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.23. The peak price level was also seen at $25.23 while the days lowest was $24.825. Finally the shares closed at $24.87. The 52-week high of the shares is $28.99 while the 52-week low is $18.57. According to the latest information available, the market cap of the company is $8,821 M.

Duke Realty Corp(DRE) last announced its earnings results on Jan 25, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $204.263M. Analysts had an estimated revenue of $204.810M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.07.

Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Charles R Eitel (director) sold 3,575 shares at $25.94 per share price.Also, On Jun 24, 2016, Steven R Kennedy (EVP, Construction) sold 26,649 shares at $25.41 per share price.On Jun 9, 2016, Dennis D Oklak (Executive Chairman) sold 75,000 shares at $24.41 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

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