Barclays Sticks to Its Hold Rating for Duke Realty Corp (DRE)


Barclays analyst Ross L Smotrich maintained a Hold rating on Duke Realty Corp (NYSE: DRE) on August 17 and set a price target of $27. The company’s shares closed on Friday at $28.94, close to its 52-week high of $29.48.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.0% and a 68.0% success rate. Smotrich covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Safety Income & Growth Inc, and Hudson Pacific Properties.

Duke Realty Corp has an analyst consensus of Hold, with a price target consensus of $29.20, which is a 0.9% upside from current levels. In a report issued on August 7, SunTrust Robinson also reiterated a Hold rating on the stock with a $28 price target.

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Duke Realty Corp’s market cap is currently $10.34B and has a P/E ratio of 28.42. The company has a Price to Book ratio of 2.22.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock.

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Duke Realty Corp. is a real estate development company, which specializes in the ownership, management and development of industrial and medical office properties. It offers property and asset management, leasing, construction and other tenant related services.

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