Duke Realty Corporation (DRE) Is A Stock You Should Watch

As of Friday close, Duke Realty Corporation’s (NYSE:DRE) stock was up $1.37, moving up 2.62 percent to $53.62. The average number of shares traded per day over the past five days has been 7,885,080 shares. 2 times new highs have been achieved over the past 5 days, with a $3.86 gain in that time frame. In the last twenty days, the average volume was 3,617,460, while in the previous 50 days, it was 2,489,786.

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Since last month, DRE stock retreated -8.90%. Shares of the company fell to $47.12 on 05/10/22, the lowest level in the past month. A 52-week high of $66.22 was reached on 01/03/22 after having rallying from a 52-week low of $44.13. Since the beginning of this year, DRE’s stock price has dropped by -18.31% or -$12.02, and marked a new high 1 time. However, the stock has declined by -19.03% since its 52-week high.

Duke Realty Corporation (DRE) last reported insider trading activity 248 days ago on Sep 08. Harrington Peter D., the EVP, Construction of the company, disposed of 1,969 shares for $53.44 on Sep 08. It resulted in a $105,223 divestment by the insider. SCOTT PETER M III sold 8,000 shares at an average price of $53.41 on Sep 02. The insider now owns 9,943 shares following the transaction.

Valuation Metrics

Right now, Duke Realty Corporation (DRE) has a P/E ratio of about 20.01. The stock’s beta is 0.74. Besides these, the trailing price-to-sales (P/S) ratio of 19.31, the price-to-book (PB) ratio of 3.30.

The latest dividend of $0.28 per share was paid out, remained unchanged from last year’s $0.28. On Wednesday October 27 2021, a $0.0250 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.59, and the total debt-to-equity ratio was 0.59. On the profitability front, the trailing twelve-month gross margin is 72.50% percent. Based on annual data, DRE earned $975.24 million in gross profit and brought in $1.11 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.60%. Return on equity (ROE) for the past 12 months was 17.30%.

In Duke Realty Corporation’s quarter-end financial report for September 29, it reported total debt of $3.65 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DRE’s revenue fell -4.0% to $264.57 million during the quarter, while net income inched up to $278.16 million. While analysts expected Duke Realty Corporation to report $0.17 quarterly earnings, the actual figure was $1.15 per share, beating the consensus estimate by 576.50%. During the quarter, the company generated $395.44 million in EBITDA. The value of shareholders’ equity is $384.45 million.

Technical Picture

This quick technical analysis looks at Duke Realty Corporation’s (DRE) price momentum. With a historical volatility rate of 58.44%, the RSI 9-day stood at 48.99% on 13 May.

With respect to its five-day moving average, the current Duke Realty Corporation price is up by +7.76% percent or $3.86. At present, DRE shares trade -7.95% below its 20-day simple moving average and -13.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.98% below its SMA50 and +5.32% above its SMA200.

Stochastic coefficient K was 44.17% and Stochastic coefficient D was 32.89%, while ATR was 2.97. Given the Stochastic reading of 48.62% for the 14-day period, the RSI (14) reading has been calculated as 46.36%. As of today, the MACD Oscillator reading stands at 1.61, while the 14-day reading stands at -0.40.

Analyst Ratings

Truist upgraded its rating on Duke Realty Corporation (NYSE: DRE) to a Buy in a note to investors on February 03, 2022. The analysts firm previously had a Hold rating on the stock.Duke Realty Corporation (DRE) has been rated Overweight by analysts. According to 0 brokerage firms, DRE is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Duke Realty Corporation stock as buy, with 7 recommending it as overweight.

With a median target price of $66.50, the current consensus forecast for the stock is $57.00 – $79.00. Based on these forecasts, analysts predict Duke Realty Corporation (DRE) will achieve an average price target of $66.14.


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