Duke Realty Reports In-Line Quarter, Deutsche Bank Maintains Hold

Deutsche Bank has published a research report on Duke Realty DRE after the company reported an in-line quarter that met with analyst expectations. In the report, Deutsche Bank writes "DRE reported an in-line Q and provided guidance that also met expectations. Strong new leasing activity drove higher-than-expected occupancy while accelerating SS NOI growth was also a positive surprise. Similar to last year, DRE provided guidance that is not suggestive of much of an improvement of fundamentals. However, this was consistent with our view. With little changed in our outlook, we are maintaining our Hold rating." Deutsche Bank also maintains its $13 price target. Duke Realty closed yesterday at $13.85.