Duke Realty Corporation (DRE) Stock: Should Investors Follow These Insider Trades?

Duke Realty Corporation (NYSE:DRE) saw an upside of 1.84% to close Tuesday at $51.55 after adding $0.93 on the day. The 5-day average trading volume is 1,651,700 shares of the company’s common stock. It has gained $51.74 in the past week. An average of 1,667,695 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,625,812.

DRE’s 1-month performance is 1.94% or $0.80 on its low of $47.40 reached on 09/28/21. The company’s shares have touched a 52-week low of $36.80 and high of $53.72, with the stock’s rally to the 52-week high happening on 09/03/21. YTD, DRE has achieved 28.97% or $11.58. However, the current price is down -4.05%% from the 52-week high price.

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Insider Transactions

On Sep 08, 35 days have gone by since the last insider trading activity for Duke Realty Corporation (DRE). Harrington Peter D. (EVP, Construction) most recently sold 1,969 shares at $53.44 per share on Sep 08. This transaction cost the insider $105,223. Director, SCOTT PETER M III, sold 8,000 shares at a price of $53.41 on Sep 02. Then, on May 03, EVP & CFO Denien Mark A sold 46,000 shares at a price of $46.43 per share. This transaction amounted to $2,135,780.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 70.57 and a low of 5.377. DRE stock has a beta of 0.56. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 18.01 while the price-to-book (PB) in the most recent quarter is 3.57.

Duke Realty Corporation pays an annual dividend of $1.02 per share. Its dividend yield is 1.98% and the payout ratio is 75.60%. DRE’s most recent quarterly dividend payment was made on Aug. 31, when it paid $0.2550 a share compared with prior rate of $0.2550, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.02 reported on Wednesday October 28 2020. Measured over the last 3 years, the Dividend has been growing by 24.68% yearly.

It is projected that Duke Realty Corporation’s next ex-dividend date will be on 12-Nov-2021. DRE is expected to distribute $0.255 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.69, while the total debt to equity was 0.69. In terms of profitability, the gross margin trailing 12 months is 68.60%. while for the period ending June 29; Duke Realty Corporation’s operating margin was 54.40%. The firm’s gross profit as reported stood at $417.85 million against revenue of $993.2 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected DRE to announce $0.18 per share in earnings in its latest quarter, but it posted $0.47, representing a 161.10% surprise. EBITDA for the quarter stood at more than $295.62 million. DRE stock balance sheet for the quarter ending June 29 shows that, with total debt at $3.79 billion. Shareholders hold equity totaling $378.34 million

Technical Picture

Let’s look briefly at Duke Realty Corporation (DRE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 69.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.01%.

The stock’s 5-day moving average is $50.72, reflecting a +3.70% or $1.84 change from its current price. DRE is currently trading +1.94% above its 20-day SMA, +12.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.74% and +31.17% respectively.

Stochastic %K and %D was 84.07% and 82.80% and the average true range (ATR) pointed at 0.98. The RSI (14) points at 61.62%, while the 14-day stochastic is at 95.73% with the period’s ATR at 0.96. The stock’s 9-day MACD Oscillator is pointing at 0.93 and 1.40 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Duke Realty Corporation (NYSE: DRE), Barclays launched coverage with an Overweight rating. Analysts offering their rating for DRE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DRE as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 10 have offered a “buy” rating.

What is DRE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $50.00 and a high of $66.00, with their median price target at $55.00. Looking at these predictions, the average price target given by analysts is for Duke Realty Corporation (DRE) stock is $56.31.


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