DRE showing extreme weakness

[briannesmith]

On Feb. 2, Stifel analyst John Guinnee downgraded Duke Realty [DRE] to sell. From 2003-2005, he had been Chief Investment Officer of Duke (http://www2.stifel.com/site/content.aspx?id=192&aid=233). Guinnee didn't ask a single question on the conference call, he just downgraded to sell.

Since then, the stock has dropped 10% with daily dumps of 1M shares at the close. It is also seeing weakness this morning, although that might be mitigated by the better-than-expected numbers.

GLTA and do your own due diligence.

 

[briannesmith]

Good call. DRE down 4% since OP. 10% over last 10 days.

DRE goes ex-div tomorrow. The market is rallying like crazy, and DRE is down 1.3% the day before ex-div.

I assume a slaughter tomorrow, when those who have been holding for div liquidate.

 

[briannesmith]

Dre: continues to plummet. now down 2.3% day before ex-div.

 

[briannesmith]

DRE filed a $150M offering after the close today (Thurs) :

http://www.sec.gov/Archives/edgar/data/783280/000119312510028790/d424b5.htm

This is what the analysts were predicting for this sector. Market will sell into the offering over the coming weeks, stock already badly weakened, should be good for another 10%.