A Strong Economy and Growing Online Sales Should Keep the Wind in Duke Realty's Sales
Despite the stock’s recent run-up this week, we think there’s still upside in Duke Realty for investors seeking e-commerce exposure in the real estate market. The company reported a solid quarter, in line with management’s and our expectations. We are maintaining our $29.80 per share fair value estimate and no-moat rating. Core funds from operations for the fourth quarter came in at $0.30 per share, translating to a year-end total of $1.24 per share, exceeding our estimate by a penny. With the d...Duke Realty is a self-administered and self-managed real estate investment trust and is the sole general partner of Duke Realty Limited Partnership and its consolidated subsidiaries. The company and Partnership focuses on the ownership, management and development of bulk distribution (industrial) real estate. The company has two reportable operating segments. The first consisting of the ownership and rental of industrial real estate investments. The company's second reportable segment consists of various 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.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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