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Robert W. Baird Reaffirms Their Buy Rating on Duke Realty (DRE)

Robert W. Baird analyst Dave Rodgers maintained a Buy rating on Duke Realty (DREResearch Report) on June 2 and set a price target of $78.00. The company’s shares closed last Tuesday at $51.20.

According to TipRanks.com, Rodgers is a 3-star analyst with an average return of 2.0% and a 52.5% success rate. Rodgers covers the Financial sector, focusing on stocks such as Corporate Office Properties, Franklin Street Properties, and Rexford Industrial Realty.

Currently, the analyst consensus on Duke Realty is a Moderate Buy with an average price target of $61.20, which is a 22.5% upside from current levels. In a report issued on May 20, J.P. Morgan also maintained a Buy rating on the stock with a $58.00 price target.

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Duke Realty’s market cap is currently $19.88B and has a P/E ratio of 19.10.

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Duke Realty Corp. operates as a real estate development company, which specializes in the ownership, management and development of industrial and medical office properties. It offers property and asset management, leasing, construction and other tenant related services. Its diversified portfolio of rental properties encompass various business houses such as government services, manufacturing, retailing, wholesale trade, distribution, healthcare and professional services. The firm operates its business through the following segments: Industrial Properties, Medical Office Properties and Service Operations. The Industrial Properties segment offers warehousing facilities and light industrial buildings. The Service Operations segment provides real estate services such as property management, asset management, maintenance, leasing, development, general contracting and construction management to third-party property owners and joint ventures. The company was founded by John Stoddard Rosebrough, Phillip R. Duke, and John W. Wynne in 1972 and is headquartered in Indianapolis, IN.

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