Notable Price Action: Is Selling Stock Like Duke Realty Corp After Such Decline Winning Strategy?

Notable Price Action: Is Selling Stock Like Duke Realty Corp After Such Decline Winning Strategy?

The stock of Duke Realty Corp (NYSE:DRE) is a huge mover today! The stock decreased 2.51% or $0.66 on October 5, hitting $25.68. Duke Realty Corp (NYSE:DRE) has risen 23.26% since March 2, 2016 and is uptrending. It has outperformed by 15.00% the S&P500.
The move comes after 6 months negative chart setup for the $9.05 billion company. It was reported on Oct, 6 by Barchart.com. We have $23.63 PT which if reached, will make NYSE:DRE worth $724.00 million less.

Analysts await Duke Realty Corp (NYSE:DRE) to report earnings on October, 26. They expect $0.30 earnings per share, up 3.45% or $0.01 from last year’s $0.29 per share. DRE’s profit will be $105.72 million for 21.40 P/E if the $0.30 EPS becomes a reality. After $0.30 actual earnings per share reported by Duke Realty Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Duke Realty Corp (NYSE:DRE) Ratings Coverage

Out of 9 analysts covering Duke Realty (NYSE:DRE), 4 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 44% are positive. Duke Realty has been the topic of 14 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was downgraded by Miller Tabak to “Sell” on Monday, November 9. The stock of Duke Realty Corp (NYSE:DRE) earned “Equalweight” rating by Barclays Capital on Tuesday, July 19. The stock has “Neutral” rating given by BTIG Research on Thursday, August 25. The firm has “Outperform” rating given on Tuesday, August 11 by Robert W. Baird. The firm earned “Equalweight” rating on Thursday, February 4 by Barclays Capital. On Thursday, November 12 the stock rating was initiated by BB&T Capital with “Hold”. The stock of Duke Realty Corp (NYSE:DRE) earned “Buy” rating by Goldman Sachs on Monday, December 14. UBS upgraded Duke Realty Corp (NYSE:DRE) on Wednesday, August 19 to “Buy” rating. Mizuho initiated it with “Neutral” rating and $29 target price in Wednesday, September 28 report. As per Wednesday, September 9, the company rating was upgraded by Miller Tabak.

According to Zacks Investment Research, “Duke Realty Corporation is the largest publicly traded office and industrial real estate company in the United States and a member of the Forbes Super 500. They offer a complete range of real estate products and services.”

Insitutional Activity: The institutional sentiment increased to 1.69 in Q2 2016. Its up 0.62, from 1.07 in 2016Q1. The ratio is positive, as 24 funds sold all Duke Realty Corp shares owned while 78 reduced positions. 39 funds bought stakes while 133 increased positions. They now own 331.94 million shares or 2.01% more from 325.39 million shares in 2016Q1.
Moreover, Jpmorgan Chase & Co has 0.05% invested in Duke Realty Corp (NYSE:DRE) for 8.18 million shares. Mitsubishi Ufj accumulated 713,698 shares or 0.04% of the stock. Janus Management Lc has invested 0.03% of its portfolio in Duke Realty Corp (NYSE:DRE). Delta Asset Limited Company Tn has 14,872 shares for 0.07% of their US portfolio. Gateway Inv Advisers Ltd Liability Corp accumulated 0.25% or 1.09M shares. Raymond James Assoc last reported 0% of its portfolio in the stock. The New Jersey-based Prudential Finance Inc has invested 0.21% in Duke Realty Corp (NYSE:DRE). Ibm Retirement Fund reported 41,005 shares or 0.04% of all its holdings. Citadel Advsr Ltd Llc has 0.01% invested in the company for 267,457 shares. Jfs Wealth Limited reported 1,300 shares or 0.01% of all its holdings. Tctc Holdings Limited Liability Corporation has 39,450 shares for 0.07% of their US portfolio. Cornerstone Real Estate Advisers Llc owns 335,010 shares or 2.95% of their US portfolio. Royal Fincl Bank Of Canada has invested 0% of its portfolio in Duke Realty Corp (NYSE:DRE). Amer Insur Tx has invested 0.12% of its portfolio in Duke Realty Corp (NYSE:DRE). Federated Invsts Pa accumulated 731,833 shares or 0.06% of the stock.

Insider Transactions: Since May 4, 2016, the stock had 1 insider buy, and 2 sales for $1.79 million net activity. OKLAK DENNIS D sold $1.83 million worth of stock or 75,000 shares. 820 Duke Realty Corp (NYSE:DRE) shares with value of $18,155 were sold by KENNEDY STEVEN R. $56,150 worth of Duke Realty Corp (NYSE:DRE) was bought by SCOTT PETER M III on Wednesday, May 4.

More recent Duke Realty Corp (NYSE:DRE) news were published by: Forbes.com which released: “Duke Realty Enters Oversold Territory (DRE)” on October 05, 2016. Also Finance.Yahoo.com published the news titled: “Duke Realty to Develop 1.4 Million SF Build-to-Suit Distribution Facility for …” on September 15, 2016. Finance.Yahoo.com‘s news article titled: “Duke Realty to Bring Distribution Facility for Floor & Decor” with publication date: September 16, 2016 was also an interesting one.

DRE Company Profile

Duke Realty Corporation, incorporated on March 12, 1992, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates in four divisions: industrial, medical office, office real estate investments and service operations. The Service activities segment consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures. The Firm conducts its Service Operations through Duke Realty Services, LLC, Duke Realty Services Limited Partnership and Duke Construction Limited Partnership (DCLP).

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