Duke Realty Corporation (DRE) Seems To Be An Exciting Choice For The Short Term

Director Sabelhaus Melanie R sold 2,500 shares in Duke Realty Corporation (NYSE:DRE) for $31,765 in transaction occurred on 2018/10/29. After making this transaction, the Director owns a direct stake of 69,950 shares, worth $915,785, as per the last closing price. On 2018/09/17 Harrington Peter D., EVP, Construction at DRE, dumped 16,500 shares at an average price of $28.98 per share. The selling total is valued at $712,822.

Separately, it had been reported that some other DRE insiders also took part of the insider trading activity. Sr. Regional, EVP, Schnur Steven W had divested 2,600 shares for $38,419 through a trade on 2018/06/28. Following this activity, the insider holds 75,114 shares worth $1,107,620 as of recent close. Wall Street’s most bullish Duke Realty Corporation (NYSE:DRE) analysts are predicting the share price to blow past $34 per share during the next 12 months. The current median share price forecast by them is $30, suggesting that the stock could increase 4.06% in that time frame. The average price target of $30.31 calls for a nearly 5.13% increase in the stock price.

Duke Realty Corporation (DRE) trading activity significantly improved as the volume at ready counter increased to 3,003,105 shares versus 1,760,555 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,390,553 shares. The share price rose 2.89% in recent trade and currently has a stock-market value of $10.32B. The shares finished at $28.83, after trading as low as $27.32 earlier in the session. It hit an intraday high Thursday at $28.84. The stock is now 18.64% above against its bear-market low of $24.3 on March 02, 2018. It has retreated -2.25% since it’s 52-week high of $29.48 reached in August. Now the market price is up 5.37% on the year and up 5.95% YTD.

DRE’s 50 day simple moving average (SMA 50) price is $28 and its 200-day simple moving average (SMA 200) price is $27.74. The company’s stock currently has a total float of 357.53M shares. Its weekly volatility is hovering around 2.7% and felt 1.77% volatility in price over a month. On the upside, the share price will test short term resistance at around $29.34. On a downside, the stock is likely to find some support, which begins at $27.82. The failure to get near-term support could push it to $26.8.

It had seen a positive analyst call from BofA/Merrill, which upgraded the stock from Neutral to Buy on May 01. Analysts at JP Morgan, shed their negative views on March 27 by lifting it fromUnderweight to Neutral. The stock lost favor of RBC Capital Mkts analysts who expressed their lack of confidence in it using a downgrade from Outperform to Sector Perform on January 03.

When looking at valuations, Duke Realty Corporation (DRE) has a cheap P/E of 27.33x as compared to industry average of 29.02x. Moreover, it trades for 67.05 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.21x price/book and 11.56x price/sales. Compared to others, Duke Realty Corporation is in a different league with regards to profitability, having net margins of 56.5%. To put some perspective around this, the industry’s average net margin is 54.93%. DRE’s ROE is 11%, which is also considerably better than the industry’s ROE of 7.3%.

Shares of Duke Realty Corporation (DRE) have dropped 0% since the company’s last earnings report. Over the past 12 fiscal quarters, Duke Realty Corporation (NYSE:DRE) has topped consensus earnings estimates in 4 quarters (33%), missed earnings in 8 quarters (66%), whereas at 0 occasion EPS met analyst expectations. DRE last reported earnings on October 24, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.35 per share, -85.77% change on the same period last year. That was better than consensus for $0.34. Revenue for the recent quarter stood at $196.91 million, up 16% on last year and below the $196.64 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $195.44 million to $205.67 million, which should be compared with $198.8 million generated last year. EPS is seen in a range of $0.34 to $0.37, against the $0.33 reported a year ago.