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Tuesday, September 21, 2021

Duke Realty Corporation (NYSE:DRE) Recent Earnings Shows Major Concern

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Duke Realty Corporation (DRE) shares are trading at lower $37.74 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $42.69.

To add more color to this target, the company’s high over the last year is $40.84 and the low is $25.19. Over the last 52 weeks, DRE is up 7.06% while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, DRE reported a profit of $76.36 million. Duke Realty Corporation also saw revenues increase to $238.51 million. In addition, DRE has free cash flow of -$184.97 million as of 06-2020. The company’s EBITDA came in at $165.32 million which compares well with its peers.

DRE booked profit margins of 39.60%, its Return on Equity (ROE) is 7.50%, and its Return on Assets is 4.40%. All told, it is clear that, DRE needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. DRE has a short ratio of 2.94 and outstanding shares of 370.56M.

Company Outlook

DRE has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 1.02. Investors should also keep an eye on sector updates as DRE has historically followed its peers on positive news.

All told, Duke Realty Corporation DRE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DRE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Duke Realty Corporation DRE is now commanding a market cap of 13.88B and a float of 369.72M. DRE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of DRE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in DRE, either long or short, and we have not been compensated for this article.

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