Duke Realty Corporation (NYSE:DRE) Issues FY17 Earnings Guidance

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Duke Realty Corporation logoDuke Realty Corporation (NYSE:DRE) issued an replace on its FY17 earnings steering on Wednesday morning. The firm supplied earnings per share (EPS) steering of $1.21-1.25 for the interval, in comparison with the Thomson Reuters consensus estimate of $1.23.

Duke Realty Corporation (DRE) opened at $28.82 on Friday. The agency has a market capitalization of $10,263.98, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 5.32 and a beta of zero.92. The firm has a debt-to-equity ratio of zero.45, a fast ratio of four.05 and a present ratio of three.23. Duke Realty Corporation has a 12 month low of $22.97 and a 12 month excessive of $30.14.

Duke Realty Corporation (NYSE:DRE) final introduced its quarterly earnings outcomes on Wednesday, October 25th. The actual property funding belief reported $zero.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $zero.29 by $zero.01. Duke Realty Corporation had a return on fairness of 6.36% and a internet margin of 178.66%. The enterprise had income of $169.61 million for the quarter, in comparison with badyst estimates of $168.75 million. During the identical quarter within the prior yr, the corporate posted $zero.31 EPS. The firm’s quarterly income was up four.5% on a year-over-year foundation. equities badysts forecast that Duke Realty Corporation will publish 1.23 EPS for the present fiscal yr.

The agency additionally not too long ago declared a quarterly dividend, which might be paid on Thursday, November 30th. Stockholders of document on Thursday, November 16th might be paid a $zero.20 dividend. This represents a $zero.80 annualized dividend and a dividend yield of two.78%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a constructive change from Duke Realty Corporation’s earlier quarterly dividend of $zero.19. Duke Realty Corporation’s dividend payout ratio is 18.23%.

Several badysis companies not too long ago issued reviews on DRE. BidaskClub raised Duke Realty Corporation from a promote ranking to a maintain ranking in a badysis notice on Wednesday, July 19th. BMO Capital Markets started protection on Duke Realty Corporation in a badysis notice on Monday, September 11th. They set a market carry out ranking and a $30.00 goal value on the inventory. Zacks Investment Research lowered Duke Realty Corporation from a purchase ranking to a maintain ranking in a badysis notice on Tuesday, October 31st. Robert W. Baird decreased their goal value on Duke Realty Corporation from $32.00 to $31.00 and set an outperform ranking on the inventory in a badysis notice on Tuesday, October 31st. Finally, Barclays PLC decreased their goal value on Duke Realty Corporation from $26.00 to $25.00 and set an equal weight ranking on the inventory in a badysis notice on Tuesday, July 18th. Seven badysis badysts have rated the inventory with a maintain ranking and 6 have issued a purchase ranking to the corporate. Duke Realty Corporation presently has a consensus ranking of Hold and a consensus goal value of $29.55.

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About Duke Realty Corporation

Duke Realty Corporation is a self-managed actual property funding belief (REIT). The Company and Duke Realty Limited Partnership collectively specialize within the possession, administration and improvement of bulk distribution (industrial) and medical workplace actual property. It operates by means of three segments, the primary two of which encompbad the possession and rental of business and medical workplace actual property investments.

Earnings History and Estimates for Duke Realty Corporation (NYSE:DRE)

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