Duke Realty Corporation (NYSE:DRE) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, DRE is expected to report 3Q20 income of $ 0.14 per share from revenue of $ 229.69 million.
For the full year, analysts anticipate top line of $ 907.12 million, while looking forward to income of $ 0.48 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.48 ~ $ 1.54 per share
Click Here For More Historical Outlooks Of Duke Realty Corporation
Previous Quarter Performance
Duke Realty Corporation posted income for the second quarter of $ 0.38 per share, from the revenue of $ 238.51 million. The quarterly earnings developed 90.00 percent while revenues increased 12.28 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.12 per share from $ 222.33 million in revenue. The bottom line results beat street analysts by $ 0.26 or 216.67 percent, at the same time, top line results outshined analysts by $ 16.18 million or 7.28 percent.
Stock Performance
Shares of Duke Realty Corporation traded low $ -0.48 or -1.26 percent on Tuesday, reaching $ 37.74 with volume of 1.25 million shares. Duke Realty Corporation has traded high as $ 38.52 and has cracked $ 37.74 on the downward trend
According to the previous trading day, closing price of $ 37.74, representing a 51.73 % increase from the 52 week low of $ 25.19 and a 6.42 % decrease over the 52 week high of $ 40.84.
The company has a market capital of $ 13.99 billion and is part of the Real Estate sector and REIT – Industrial industry.
Recent Analyst recommendations
- On 16th October 2020, initiated by UBS Group at Buy rating, with $ 48.00 target price.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.235 per share to holders of record as of the close of business on August 14, 2020, with payment date of August 31, 2020 and ex-dividend date on August 13, 2020.
Duke Realty Corporation owns and operates approximately 158 million rentable square feet of industrial assets in 20 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500 Index.
