Wells Fargo Issues an Upgrade on Duke Realty (DRE) Shares. What’s Next?

Duke Realty Corporation (NYSE:DRE) Logo

Investors sentiment decreased to 1.14 in 2018 Q3. Its down 0.06, from 1.2 in 2018Q2. It is negative, as 31 investors sold Duke Realty Corporation shares while 117 reduced holdings. 49 funds opened positions while 119 raised stakes. 318.87 million shares or 1.32% less from 323.13 million shares in 2018Q2 were reported.

Clarivest Asset Management Ltd holds 0% of its portfolio in Duke Realty Corporation (NYSE:DRE) for 5,710 shares. 165,661 are held by Mackenzie Corporation. Nomura Incorporated owns 52,143 shares. Jefferies Group Incorporated Lc owns 133,173 shares for 0.02% of their portfolio. Riverhead Capital Management holds 0.02% in Duke Realty Corporation (NYSE:DRE) or 22,823 shares. Alps Advsrs owns 21,850 shares for 0% of their portfolio. Tiverton Asset Ltd Limited Liability Company accumulated 2,029 shares. Prudential Public Ltd Co owns 29,500 shares for 0% of their portfolio. Moreover, Dnb Asset Mngmt As has 0% invested in Duke Realty Corporation (NYSE:DRE) for 48,142 shares. British Columbia Corporation invested in 109,913 shares. Df Dent & Com holds 0.01% or 11,700 shares in its portfolio. National Insurance Tx invested in 74,700 shares. Royal Bankshares Of Canada holds 0% of its portfolio in Duke Realty Corporation (NYSE:DRE) for 125,530 shares. State Treasurer State Of Michigan invested 0.02% of its portfolio in Duke Realty Corporation (NYSE:DRE). Swiss Commercial Bank reported 0.04% stake.

Since June 28, 2018, it had 0 insider purchases, and 3 selling transactions for $623,234 activity. Harrington Peter D. sold $478,170 worth of stock or 16,500 shares. $75,114 worth of stock was sold by Schnur Steven W on Thursday, June 28.

Duke Realty (DRE) Stock Upgrade

EU-listed Duke Realty (DRE), was upgraded by stock analysts at Wells Fargo. The firm upgraded its rating on the $10.29B market capitalized company to a respectable Outperform from their past rating of Market Perform.

The stock increased 0.04% or $0.01 during the last trading session, reaching $28.44. About 2.75 million shares traded or 41.97% up from the average. Duke Realty Corporation (DRE) has risen 2.34% since December 12, 2017 and is uptrending. It has outperformed by 2.34% the S&P500.

Analysts await Duke Realty Corporation (NYSE:DRE) to report earnings on January, 30. They expect $0.35 earnings per share, up 16.67 % or $0.05 from last year’s $0.3 per share. DRE’s profit will be $126.57M for 20.31 P/E if the $0.35 EPS becomes a reality. After $0.35 actual earnings per share reported by Duke Realty Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Duke Realty Corporation is an equity real estate investment trust. The company has market cap of $10.29 billion. The firm invests in the real estate markets of the United States. It has a 20.56 P/E ratio. It offers a single point of responsibility for all aspects of a project, including leasing, asset management, construction and development.

Duke Realty Corporation (NYSE:DRE) Institutional Positions Chart

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