Duke Realty Corp (DRE): Today's Featured Real Estate Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Duke Realty ( DRE) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Duke Realty fell $0.32 (-1.8%) to $17.09 on average volume. Throughout the day, 3,745,475 shares of Duke Realty exchanged hands as compared to its average daily volume of 3,598,400 shares. The stock ranged in price between $16.94-$17.50 after having opened the day at $17.37 as compared to the previous trading day's close of $17.41. Other companies within the Real Estate industry that declined today were: Vestin Realty Mortgage II ( VRTB), down 8.8%, Prologis ( PLD), down 2.9%, Universal Health Realty Income ( UHT), down 2.8% and Income Opportunity Realty Investors ( IOT), down 2.2%.
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Duke Realty Corporation operates as a real estate investment trust (REIT) in the United States. It offers leasing, property and asset management, development, construction, build-to-suit, and other tenant-related services. Duke Realty has a market cap of $5.6 billion and is part of the financial sector. Shares are up 26.3% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Duke Realty as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

On the positive front, MPG Office ( MPG), down 20.4%, Maui Land & Pineapple Company ( MLP), down 12.8%, Institutional Financial Markets ( IFMI), down 9.2% and Altisource Portfolio Solutions ( ASPS), down 7.8% , were all gainers within the real estate industry with Ryman Hospitality Properties ( RHP) being today's featured real estate industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).

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