Duke Realty Corp (NYSE:DRE)
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A self-administered and self-managed real estate investment trust, which through its Service Operations provide, on a fee basis, leasing, property and asset management, development, construction, build-to-suit and other tenant-related services.
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Duke Realty Corporation (DRE) - John Guinee at Stifel Nicolaus
Analysts at Stifel Nicolaus have downgraded the shares of Duke Realty Corporation (NYSE: DRE) to a Sell rating. The company surprised Wall Street with its latest guidance figures, estimating earnings per share of 95 cents to $115, compared to Wall Street forecasts of $111 Stifel Nicolaus analysts John W Guinee and Erin T Aslakson questioned how long it would be until occupancy rates rose and said that at this point, the shareholders have reached "ownership fatigue" Duke Realty Corporation plans to sell over $2 billion in Midwest office assets in the next three to five years but the analysts questioned the company's ability to do so