Duke Realty (DRE) Rating Downgrade

RBC Capital downgraded Duke Realty (DRE)’s stock to “Sector Perform” rating from “Outperform”. The rating change was published in an analyst note today.

This rating downgrade was most probably noticed by equity traders, as DRE is right now trading 0.00% lower at $0.00 as of 12:04 AM New York time. Duke Realty shares have [From2] 0% over the last 200 days, while the Standard & Poor’s 500 index has added 6.00% over the same time.

According to data compiled by Thomson Reuters, Duke Realty (DRE)’s stock is covered by 15 equity analysts across the Street, with 0 analysts giving it a Sell rating, 7 a Buy rating, while 9 consider it a Hold. The 12-month consensus target price for the stock is $24.77, which reflects an upside potential of ∞% over the current price.

Institutional Ownership

Plancorp Llc had the largest stake with ownership of 200,260 shares as of Q2 2015 for 3.48% of the US long stock exposure. Barings Real Estate Advisers Llc is another very bullish investment manager who is having 307,427 shares of Duke Realty or 2.63% of their US long stock exposure. Furthermore, Harrison Street Securities Llc have 2% of their US long stock exposure invested in the company for 25,260 shares. The Hong Kong-based fund Segantii Capital Management Ltd disclosed it had bought so far a stake worth about 1.35% of the investment manager’s stock portfolio in Duke Realty. The Illinois-based fund Duff & Phelps Investment Management Co is also positive about the stock, possessing 180,000 shares or 1.22% of their US long stock exposure.

Duke Realty (DRE) closed at $0 yesterday. A total of shares of the company’s stock traded hands. This is down from average of shares. Duke Realty has a 52 week low of $0.00 and a 52 week high of $0. The company has a market cap of $ and a P/E ratio of 0.

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