Duke Realty downgraded by Truist with a new price target
$DRE
Real Estate Investment Trusts
Real Estate
Truist downgraded Duke Realty from Buy to Hold and set a new price target of $63.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2022 | $78.00 → $74.00 | Outperform → Neutral | Robert W. Baird |
| 5/16/2022 | $68.00 → $65.00 | Market Perform → Outperform | BMO Capital Markets |
| 2/3/2022 | $63.00 | Hold → Buy | Truist |
| 1/18/2022 | $63.00 | Buy → Hold | Truist |
| 1/18/2022 | Buy → Hold | Truist Securities | |
| 1/10/2022 | $61.00 → $68.00 | Outperform | Raymond James |
| 1/7/2022 | $68.00 | Outperform → Market Perform | BMO Capital Markets |
| 12/14/2021 | Overweight → Equal Weight | Wells Fargo |
15-12G - DUKE REALTY CORP (0000783280) (Filer)
15-15D - DUKE REALTY CORP (0000783280) (Filer)
15-15D - DUKE REALTY CORP (0000783280) (Filer)
4 - DUKE REALTY CORP (0000783280) (Issuer)
4 - DUKE REALTY CORP (0000783280) (Issuer)
4 - DUKE REALTY CORP (0000783280) (Issuer)
SC 13G/A - DUKE REALTY CORP (0000783280) (Subject)
SC 13G/A - DUKE REALTY CORP (0000783280) (Subject)
SC 13G/A - DUKE REALTY CORP (0000783280) (Subject)
SAN FRANCISCO, Jan. 26, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the tax treatment of Duke Realty Corporation (NYSE:DRE) 2022 distributions. The exhibit reflects the per share tax treatment of Duke Realty Corporation's common stock distribution, as prescribed by the Internal Revenue Code. In October 2022, Prologis announced that it had completed its acquisition of Duke Realty Corporation for $23 billion, including assumption of debt. In connection with the transaction, each share of Duke Realty Corporation common stock was converted into the right to receive 0.475 of a share of Prologis common stock. All distributions from a
Prologis gains properties in key U.S. markets; Expands its Essentials offerings to 500+ new customers SAN FRANCISCO, Oct. 3, 2022 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD) ("Prologis") today announced the completion of its all-stock acquisition of Duke Realty Corporation (NYSE:DRE) ("Duke Realty") following approval by the shareholders of Prologis and Duke Realty. Valued at approximately $23 billion, including the assumption of debt, the completed transaction expands Prologis' presence in key U.S. markets. "In addition to the day-one accretion and avenues for further earnings growth, this acquisition gives us an even stronger ability to support our customers and their growth," said Prologis
SAN FRANCISCO and INDIANAPOLIS, Sept. 28, 2022 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD) ("Prologis") and Duke Realty Corporation (NYSE:DRE) ("Duke Realty") today announced that Prologis stockholders and Duke Realty shareholders have voted, separately, to approve the proposed merger at their respective special meetings held virtually today, September 28, 2022. According to the results of the Prologis Special Meeting of Stockholders, more than 99 percent of votes cast at the meeting – approximately 87 percent of the outstanding shares of Prologis common stock as of the record date – were voted in favor of the issuance of Prologis common stock in connection with the merger. The final voting r
Prologis gains properties in key U.S. markets; Expands its Essentials offerings to 500+ new customers SAN FRANCISCO, Oct. 3, 2022 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD) ("Prologis") today announced the completion of its all-stock acquisition of Duke Realty Corporation (NYSE:DRE) ("Duke Realty") following approval by the shareholders of Prologis and Duke Realty. Valued at approximately $23 billion, including the assumption of debt, the completed transaction expands Prologis' presence in key U.S. markets. "In addition to the day-one accretion and avenues for further earnings growth, this acquisition gives us an even stronger ability to support our customers and their growth," said Prologi
Prologis, Inc. (NYSE:PLD) ("Prologis") and Duke Realty Corporation (NYSE:DRE) ("Duke Realty") today announced that Prologis stockholders and Duke Realty shareholders have voted, separately, to approve the proposed merger at their respective special meetings held virtually today, September 28, 2022. According to the results of the Prologis Special Meeting of Stockholders, more than 99 percent of votes cast at the meeting – approximately 87 percent of the outstanding shares of Prologis common stock as of the record date – were voted in favor of the issuance of Prologis common stock in connection with the merger. The final voting results of the Prologis Special Meeting will be filed as part o
SAN FRANCISCO, Jan. 26, 2023 /PRNewswire/ -- Prologis, Inc. (NYSE:PLD), the global leader in logistics real estate, today announced the tax treatment of Duke Realty Corporation (NYSE:DRE) 2022 distributions. The exhibit reflects the per share tax treatment of Duke Realty Corporation's common stock distribution, as prescribed by the Internal Revenue Code. In October 2022, Prologis announced that it had completed its acquisition of Duke Realty Corporation for $23 billion, including assumption of debt. In connection with the transaction, each share of Duke Realty Corporation common stock was converted into the right to receive 0.475 of a share of Prologis common stock. All distributions from a
INDIANAPOLIS, Sept. 01, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Duke Realty Corporation (NYSE:DRE) today declared a quarterly cash distribution on its common stock of $0.28 per share, or $1.12 per share on an annualized basis. The third quarter dividend will be payable on September 30, 2022, to shareholders of record at the close of business on September 15, 2022. About Duke Realty Corporation Duke Realty Corporation owns and operates approximately 167.3 million rentable square feet of industrial assets in 19 major logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a constituent of the S&P 500 Index. More information about Duk
INDIANAPOLIS, July 27, 2022 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE:DRE), the largest domestic-only logistics REIT, today reported earnings for the second quarter of 2022. Quarterly Highlights Complete reconciliations, in dollars and per share amounts, of (i) net income to funds from operations ("FFO"), as defined by Nareit, as well as to Core FFO, and (ii) earnings before income taxes to same property net operating income, on a cash basis, ("SPNOI - Cash") are included in the financial tables included in this release. The company's financial results for the quarter were as follows: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Net Income per Diluted
-- Trustee Susan Givens to Retire from Board -- Urban Edge Properties (NYSE:UE) today announced the appointment of Mary L. Baglivo to the Company's Board of Trustees, effective September 1, 2022. Ms. Baglivo is an experienced leader with an extensive career in retail, brand marketing, advertising, and higher education. She has held Chief Executive Officer roles at several leading global advertising and communication companies in addition to leading her own brand strategy and consulting firm, The Baglivo Group. She previously served as the CEO Americas at Saatchi & Saatchi, a global marketing and advertising agency. Prior to her role at Saatchi & Saatchi, Ms. Baglivo served as President at
Urban Edge Properties (NYSE:UE) today announced the appointment of Norman K. Jenkins to the Company's Board of Trustees effective November 22, 2021. Mr. Jenkins is a seasoned executive with over 25 years of real estate and leadership experience. He is President and Chief Executive Officer of Capstone Development, a privately-held firm he founded in 2009. Capstone develops and acquires commercial and multi-family real estate, with significant expertise in public-private partnerships and developing hospitality real estate that is typically affiliated with international lodging brands. Capstone currently owns a diverse portfolio comprised of hotels, street level retail and multi-family housin
RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group Company (PFG) (NYSE: PFGC) today announced that it has appointed Warren M. Thompson to serve as an independent director on its Board of Directors, effective today. This appointment expands PFG’s Board to 11 directors. The Board appointed Mr. Thompson to serve as a member of the Company’s Audit Committee and as a member of the Technology Committee, also effective immediately. Mr. Thompson, 61, currently serves as President and Chairman of Thompson Hospitality Corporation, the largest minority-owned foodservice and facilities management company in the U.S. The company was founded in 1992 when Mr. Thompson completed a leveraged bu
Robert W. Baird downgraded Duke Realty from Outperform to Neutral and set a new price target of $74.00 from $78.00 previously
BMO Capital Markets upgraded Duke Realty from Market Perform to Outperform and set a new price target of $65.00 from $68.00 previously
Truist upgraded Duke Realty from Hold to Buy and set a new price target of $63.00