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 results of the Prologis Special Meeting will be filed as part of a Form 8-K with the U.S. Securities and Exchange Commission. According to the results of the Duke Realty Special Meeting of Shareholders, more than 99 percent of votes cast at the meeting – approximately 85 percent of the outstanding shares of Duke Realty common stock as of the record date – were voted in favor of approving the merger agreement and the transactions contemplated thereby, including the merger.
In the last trading session, 5.45 million Duke Realty Corporation (NYSE:DRE) shares changed hands as the company’s beta touched 0.77. With the company’s per share price at $48.43 changed hands at -$0.87 or -1.76% during last session, the market valuation stood at $18.64B. DRE’s last price was a discount, traded about -36.73% off its 52-week … Duke Realty Corporation (NYSE: DRE) Stock Forecast For 2022: Bullish Signs Point To $74.00 Per Share Read More »
Baron Funds, an asset management company, released its “Baron Real Estate Income Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. Baron Real Estate Income Fund (the “Fund”) declined 18.43% (Institutional Shares) in the second quarter of 2022, modestly underperforming its primary benchmark, the MSCI US REIT Index (the […]
Duke Realty Corporation (DRE)’s stock is trading at $53.76 at the moment marking a fall of -2.39% from the last session close. As of this writing, shares are priced at -18.82% less than their 52-week high of $66.22, and 14.08% over their 52-week low of $47.12. Based on the past 30-day period, the stock price […]
During the recent session, Duke Realty Corporation (NYSE:DRE)’s traded shares were 0.75 million, with the beta value of the company hitting 0.73. At the last check today, the stock’s price was $53.85, reflecting an intraday loss of -2.22% or -$1.22. The 52-week high for the DRE share is $66.22, that puts it down -22.97 from … Duke Realty Corporation (NYSE: DRE): Is It Possible To Be Down -16.10% YTD And Still Lose Money Read More »
Duke Realty is well positioned to benefit from the increase in rental rates, but is currently overvalued. Click to see my analysis and recommendation on DRE.
In Thursday’s session, Duke Realty Corporation (NYSE:DRE) marked $58.78 per share, down from $58.85 in the previous session. While Duke Realty Corporation has underperformed by -0.12%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DRE rose by 9.99%, with highs and lows ranging from $66.22 to […]
Duke Realty Corporation (DRE) declared $0.28/share quarterly dividend, in line with previous.
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.
In today’s recent session, 1.03 million shares of the Duke Realty Corporation (NYSE:DRE) have been traded, and its beta is 0.71. Most recently the company’s share price was $62.28, and it changed around -$0.28 or -0.45% from the last close, which brings the market valuation of the company to $23.09B. DRE at last check was … Duke Realty Corporation (NYSE: DRE) Stock Forecast 2022: Profitable With Bullish Signals Read More »
Duke Realty press release (DRE): Q2 FFO of $0.45; GAAP EPS of $0.27.Revenue of $285.29M (+5.0% Y/Y).
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.
Duke Realty (DRE) is scheduled to announce Q2 earnings results on Wednesday, July 27th, after market close.The consensus FFO Estimate is $0.48 (+9.1% Y/Y) and the consensus Revenue…
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Duke Realty (DRE) reported 99.7% in its Q2 leased stabilized portfolio compared to 98.2% in prior year quarter.Stabilized portfolio occupied percentage stood at 98.7% vs
69 Percent Growth in Net Effective Rents on Leasing Activity
Market growth indicators remain strong SAN FRANCISCO , July 18, 2022 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD ), the global leader in logistics real estate, today reported results for the second quarter of 2022. Net earnings per diluted share was $0.82 for the quarter compared with $0.81 for the second quarter of 2021. Core funds from operations (Core FFO)* per diluted share was $1.11 for the quarter compared with $1.01 for the same period in 2021. "The pandemic drove record demand for the past two years, which translated into all-time low vacancies and unprecedented rent growth," said Hamid R. Moghadam , co-founder and CEO, Prologis. "As conditions normalize, we are still seeing healthy demand that rivals past peak cycles and, informed by our proprietary data insights, we expect strong demand for our properties to continue." OPERATING PERFORMANCE Owned & Managed 2Q22 Notes Average Occupancy 97.6 % Leases Commenced 51.3MSF 43.6MSF operating portfolio and 7.7MSF development portfolio Retention 78.6 % Prologis Share 2Q22 Notes Net Effective Rent Change 45.6 % Led by U.S. at 54.0 % Cash Rent Change 27.5 % Cash Same Store NOI* 8.2 % Led by U.S. at 9.0 % DEPLOYMENT ACTIVITY Prologis Share 2Q22 Acquisitions $846M Weighted avg stabilized cap rate (excluding other real estate) 3.9 % Development Stabilizations $817M Estimated weighted avg yield 6.0 % Estimated weighted avg margin 74.2 % Estimated value creation $606M % Build-to-suit 27.6 % Development Starts $1,669M Estimated weighted avg yield 6.1 % Estimated weighted avg margin 53.7 % Estimated value creation $896M % Build-to-suit 25.6 % Total Dispositions and Contributions $218M Weighted avg stabilized cap rate (excluding land and other real estate) 3.2 % BALANCE SHEET & LIQUIDITY During the second quarter, Prologis and its co-investment ventures issued $5.1 billion of debt at a weighted average interest rate of 1.4 percent.
Baird analyst David Rodgers downgraded Duke Realty (DRE) to Market Weight on Friday, as he sees price discovery and recession fears limiting high-multiple returns.In his view,…
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Duke Realty Corporation (NYSE: DRE) to Prologis, Inc. (NYSE: PLD). Under the terms of the proposed transaction, shareholders of Duke will receive only 0.475 shares of Prologis for each share of Duke that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequat
Duke Realty entered into an agreement to be acquired by Prologis for $26 billion. Continental Resources received a proposal from its founder, Harold Hamm, to acquire all outstanding shares.
Prologis (PLD) announced the terms for its acquisition of Duke Realty (DRE). Read more to see why PLD stock will remain on my watchlist for now.
NEW YORK, June 14, 2022 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered…
Prologis has agreed to buy Duke Realty for $26 billion, the companies announced Monday, concluding a protracted courtship that saw the Indianapolis-based company rebuff repeated overtures from its fellow giant industrial REIT.
Upgrades Evercore ISI Group upgraded the previous rating for US Silica Holdings Inc (NYSE: SLCA ) from In-Line to Outperform. In the first quarter, US Silica Holdings showed an EPS of $0.02, compared to $0.28 from the year-ago quarter. The current stock performance of US Silica Holdings shows a 52-week-high of $21.54 and a 52-week-low of $7.22. Moreover, at the end of the last trading period, the closing price was at $13.48. According to B of A Securities, the prior rating for Tractor Supply Co (NASDAQ: TSCO ) was changed from Neutral to Buy. Tractor Supply earned $1.65 in the first quarter, compared to $1.55 in the year-ago quarter. The stock has a 52-week-high of $241.54 and a 52-week-low of $166.49. At the end of the last trading period, Tractor Supply closed at $192.03. For NetApp Inc (NASDAQ: NTAP ), Deutsche Bank upgraded the previous rating of Hold to Buy. For the fourth quarter, NetApp had an EPS of $1.42, compared to year-ago quarter EPS of $1.17. The stock has a 52-week-high of $96.82 and a 52-week-low of $64.33.
The giant industrial REIT is getting even bigger.
The Progolis deal with Duke Realty will create an industrial real estate behemoth with 153 million square feet of space, including in the Triangle.
Real estate investment trust Prologis, Inc. (NYSE: PLD) and real estate firm Duke Realty Corp. (NYSE: DRE) have signed a merger agreement under which the former will acquire the latter for around $26 billion, including debt. The deal comprises 1,228 acres of land, 11 million square feet of property under development and 153 million square feet of operating properties at 19 locations in the U.S. Following the completion of the transaction, which is expected in the fourth quarter of 2022, Prologis plans to exit one of Duke Realty’s markets and hold nearly 94% of its assets.
At the close of the New York Stock Exchange, the Dow Jones fell 2.79% to hit a 52-week low, the S&P 500 fell 3.88% and the NASDAQ Composite fell 4.68%. McDonald''s Corporation was the top performer among the components of the Dow Jones in today''s trading, up 1.09 points (0.46%) to close at 238.47. Coca-Cola Co fell 0.07 points (0.11%) to close at 61.34. Cisco Systems Inc shed 0.25 points or 0.57% to close at 43.24. The losers were Boeing Co shares, which lost 11.14 points or 8.77% to end the session at 115.86. Salesforce.com Inc. shares rose 12.42 points (6.96%) to close at 166.03, while American Express Company shed 8.13 points (5.26%) to close at 146.29. Leading gainers among the components of the S&P 500 in today''s trading were CME Group Inc, which rose 1.55% to 202.99, Truist Financial Corp, which gained 1.50% to close at 46.64, and also shares of Duke Realty Corporation, which rose 0.98% to close the session at 50.27. The drop leaders were shares of Signature Bank, which fell 13.67% to close at 174.05.
NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Duke Realty Corporation (“Duke Realty”) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Prologis, Inc. (“Prologis”).
NEW YORK, June 13, 2022 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Duke Realty Corporation (NYSE: DRE) and its board of directors concerning the proposed acquisition of the company by Prologis, Inc. (NYSE: PLD). Stockholders will receive 0.475…
While the e-commerce industry has cooled and faces strong headwinds, one player is keeping the faith. Or, should we say, keeping the space. On…
NEW YORK , June 3, 2022 /PRNewswire/ -- The storage and warehouse leasing market size is expected to increase by USD 88.48 billion from 2021 to 2026, registering a CAGR of 7.35% , according to the latest research report from Technavio. 43% of the market''s growth will originate from North America during the forecast period. The US is the key market for storage and warehouse leasing market in North America . Market growth in this region will be slower than the growth of the market in APAC and South America. The increased investment in the development of warehouses and advances in the design of the warehouses will facilitate the storage and warehouse leasing market growth in North America over the forecast period. For more highlights on the contribution of all regions - Download Our Sample Report Storage and Warehouse Leasing Market: Vendor Analysis The storage and warehouse leasing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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Duke Realty Corp (DRE) shares closed today at 0.4% below its 52 week high of $50.61, giving the company a market cap of $18B. The stock is currently up 27.4% year-to-date, up 43.9% over the past 12 months, and up 118.5% over the past five years. This week, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 0.9%. Trading Activity Trading volume this week was 30.8% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.7. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 57.7% The company's stock price performance over the past 12 months lags the peer average by -5.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1338.2% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Duke Realty Corp (DRE) shares closed today at 0.1% below its 52 week high of $49.88, giving the company a market cap of $18B. The stock is currently flat year-to-date, up 42.2% over the past 12 months, and up 119.6% over the past five years. This week, the Dow Jones Industrial Average rose 0.2%, and the S&P 500 rose 0.4%. Trading Activity Trading volume this week was 44.2% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.7. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date is the same as the peer average. The company's stock price performance over the past 12 months lags the peer average by -20.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 1494.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
It''s been a feast for bulls operating on the daily timeframe, as dre has now gone up 5 of the past 5 days. The post Duke Realty Corp (DRE): Price Now Near $49.39; Daily Chart Shows An Uptrend on 50 Day Basis appeared first on ETF Daily News .
INDIANAPOLIS, July 07, 2021 (GLOBE NEWSWIRE) -- Duke Realty Corporation (NYSE: DRE) today announced that the company will release its second quarter 2021 operating results on Wednesday, July 28th, after the market close. The company will host its quarterly earnings conference call on Thursday, July 29th, at 3:00 p.m. Eastern Time.
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Dreadnought Resources Limited (ASX: DRE) has intersected sulphides within the Ruins Dolerite from diamond drilling at the Texas Ni-Cu-PGE target, part of the Tarraji-Yampi Project in the West Kimberley region of Western Australia. Sulphides, dominated by pyrrhotite with minor pyrite and chalcopyrite, hosted within the Ruins Dolerite were intersected from 56.7557.55m in the first hole []
THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced the intersection of sulphides by way of diamond drilling at the Texas target, part of the companys Tarraji-Yampi project in the West Kimberley region of Western Australia. Dreadnought Resources reported drill hole TXDD001 intersected dominantly pyrrhotite with minor pyrite and chalcopyrite from 56.75 to 57.55 metres hosted []
THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) announced high-grade REE assays from previously unsampled ironstone outcrops at the Yin prospect, within the companys Mangaroon project in the Gascoyne region of Western Australia. Dreadnought Resources reported it had achieved rock chip samples from outcropping ironstones at the 2.5 kilometres long Yin prospect that returned assays up []
The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment -- meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The post Duke Realty Corp (DRE): Price Now Near $48.95; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News .
Seth Hall Joins As Assistant Vice President of Acquisitions
This is the 2nd hour in a row dre has seen its price head up. The post Duke Realty Corp (DRE): Price Now Near $47.47; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News .
Duke Realty Corporation found using ticker (DRE) now have 14 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 55 and 44 with the average target price sitting at 48.43. Given that the stocks previous close was at 46.13 this indicates there is a potential upside of 5.0%. The 50 day moving average now sits at 45.34 and the 200 day moving average is 41.41. The market cap for the company is $17,422m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="DRE" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Duke Realty Corporation owns and operates approximately 159 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 a member of the S&P 500 Index. This article Duke Realty Corporation Consensus Indicates Potential 5.0% Upside first appeared on DirectorsTalk Interviews .
RBC Capital Stick to Their Hold Rating for Duke Realty Corp.
Duke Realty adds to acquisitions team in New Jersey NJBIZ
As senior vice president for Duke Realty, Stephanie Rodriguez oversees a portfolio of industrial properties in South and Central Florida, a geography with limited space and shrinking new development options. We''re all fighting over the same pieces
Duke Realty Corporation with ticker code (DRE) now have 14 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 55 and 43 calculating the average target price we see 47.64. With the stocks previous close at 45.67 this would indicate that there is a potential upside of 4.3%. The day 50 moving average is 44.87 and the 200 day moving average is 41.17. The company has a market cap of $17,358m. Company Website: /> [stock_market_widget type="chart" symbol="DRE" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Duke Realty Corporation owns and operates approximately 159 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 a member of the S&P 500 Index. This article Duke Realty Corporation Consensus Indicates Potential 4.3% Upside first appeared on DirectorsTalk Interviews .