RBC Capital Reaffirms Their Buy Rating on Duke Realty Corp

By Carrie Williams

RBC Capital analyst Wes Golladay reiterated a Buy rating on Duke Realty Corp (NYSE: DRE) today and set a price target of $30. The company’s shares opened today at $28.76, close to its 52-week high of $29.25.

According to TipRanks.com, Golladay is a 4-star analyst with an average return of 7.8% and a 68.4% success rate. Golladay covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, General Growth Properties Inc, and Seritage Growth Properties.

Duke Realty Corp has an analyst consensus of Strong Buy, with a price target consensus of $29.

Duke Realty Corp’s market cap is currently $10.21B and has a P/E ratio of 30.18. The company has a book value ratio of 2.9444.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is neutral on the stock. Last month, Peter Scott, a Director at DRE sold 2,500 shares for a total of $70,625.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Duke Realty Corp. is a real estate development company that engages in the management and development of industrial, office and medical office properties and provides property and asset management, leasing, construction and other tenant related services. Its diversified portfolio of rental properties encompass various business houses such as government services, manufacturing, retailing, wholesale trade, distribution, healthcare and professional services. It operates its business through the following segments: Industrial, Medical Office, Office Real Estate Investments and Service Operations. The company was founded in 1972 by John W. Wynne and is headquartered in Indianapolis, IN.