Duke Realty (NYSE:DRE) Is Now Covered By Goldman. What’s Next?


How Goldman Currently Rates Duke Realty (NYSE:DRE)

In an analyst research report revealed to clients and investors on Monday morning, Goldman analyst just commenced coverage coverage of Duke Realty (NYSE:DRE) with “Buy” rating.

From a total of 16 analysts covering Duke Realty (NYSE:DRE) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 47% of the ratings are positive. The highest target price is $26 while the lowest target price is $17.71. The mean of all analyst targets is $22.64 with a 12.66% above today’s ($20.15) stock price. Duke Realty was the topic of 7 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. BB&T Capital initiated shares on November 12 with “Hold” rating. UBS upgraded DRE stock in a recent report from August 19 to “Buy” rating.

Approximately 1.50M shares of stock traded hands. Duke Realty Corp (NYSE:DRE) has risen 4.32% since May 11, 2015 and is uptrending. It has outperformed by 8.74% the S&P500.

The overall sentiment of institutions has increased to 1.15 in Q2 2015. Its up 0.06, from 1.09 in 2015Q2. The ratio increased, as 27 institutions have sold all the shares of Duke Realty Corp that they owned while 100 funds have taken shares off the table. 33 funds have purchased shares for the first time while 113 added to their positions. These institutions now hold 330.88 million shares or 5.13% more than the 314.75 million shares they owned in 2015Q2.

The Fund Plancorp Llc currently is holding shares equating to 3.85% of its total portfolio in Duke Realty Corp representing a total of 222,822 shares. Another fund,Green Street Investors Llc, is holding a total of 189,900 shares equating to 3.83% of their holdings. Additionally, Real Estate Management Services Llc has a 1.01 million share stake in Duke Realty Corp which represents 2.97% of their total portfolio. The Fund, Garland Capital Management Inc, based out of Washington, has also built up a stake in the stock, which represents a total of 2.63% of their total portfolio. Finally Harrison Street Securities Llc, a fund which is based in the state of Illinois reported a total holdings of 42,268 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 6, 2015, shareholders of Duke Realty Corp have witnessed 0 insider buys, and a total of 1 insider sale equating to a net activity of approximately $11,553 . Kennedy Steven R sold 610 shares worth approximately $11,553. Bremner James D sold 18,000 shares worth approximately $343,800. Connor James B. sold 9,000 shares worth approximately $202,590. Shaw Jack R sold 6,496 shares worth approximately $132,388.

Duke Realty Corporation is a self-administered and self-managed real estate investment trust . The company has a market cap of $7.11 billion. The Firm operates in four divisions: industrial, office, medical office real estate investments and service operations. It has 42.24 P/E ratio. Service activities consists of various real estate services, such as property management, asset management, maintenance, leasing, development, general contractor and construction management to third-party property owners and joint ventures.

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.”