Duke Realty Corp (NYSE:DRE) currently trades at $24.31 which is about -3.65% lower than the 52-week high of $28.99. The trading volume at ready counter moved to 6.74M shares as compared to 2.88M shares average traded volume. The stock failed to get pushed above the $25.19 barrier, the intraday high, after opening at $24.98. Analysts have a consensus target price of $28.13 in the 12-month period. Its market capitalization has now reached to $8.22B.

Duke Realty Corp (NYSE:DRE) was dropped to Underweight from Equal Weight at Barclays. It has earned a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 8 have assigned a hold rating, 2 says it’s a buy and 4 have assigned a strong buy rating to the company.

Duke Realty Corp (DRE) on January 26, 2017 reported results for the fourth quarter and full year 2016.

Quarterly Highlights

  • Net income per diluted share was $0.13 for the quarter and $0.88 for the year. Funds from Operations (“FFO”) per diluted share, as defined by the National Association of Real Estate Investment Trusts (“NAREIT”), was $0.29 for the quarter and $1.21 for the year. Core Funds from Operations (“Core FFO”) per diluted share was $0.31 for the quarter and $1.20 for the year.
  • Portfolio operating performance:
  • Total in-service occupancy at December 31, 2016 of 97.5 percent compared to 97.3 percent at September 30, 2016 and 96.4 percent at December 31, 2015
  • In-service occupancy in the bulk distribution portfolio at December 31, 2016 of 97.7 percent compared to 97.4 percent at September 30, 2016 and 96.5 percent at December 31, 2015
  • In-service occupancy in the medical office portfolio of 95.3 percent at December 31, 2016 compared to 95.2 percent at September 30, 2016 and 95.5 percent at December 31, 2015
  • Total occupancy, including properties under development, of 95.6 percent at December 31, 2016 compared to 95.2 percent at September 30, 2016 and 94.2 percent at December 31, 2015
  • Tenant retention of 87 percent for the quarter and 78 percent for the year
  • Same-property net operating income growth of 4.5 percent for the quarter ended December 31, 2016 as compared to the quarter ended December 31, 2015 and 6.0 percent for the 12 months ended December 31, 2016 as compared to the 12 months ended December 31, 2015
  • Total leasing activity of 8.9 million square feet for the quarter and 27.6 million square feet for the year
  • Overall rent growth on new and renewal leases of 15.2 percent for the quarter and 16.6 percent for the year
  • Total in-service occupancy at December 31, 2016 of 97.5 percent compared to 97.3 percent at September 30, 2016 and 96.4 percent at December 31, 2015
  • In-service occupancy in the bulk distribution portfolio at December 31, 2016 of 97.7 percent compared to 97.4 percent at September 30, 2016 and 96.5 percent at December 31, 2015