Douglas Emmett (NYSE:DEI) Sets New 52-Week High – Should You Buy?

Douglas Emmett, Inc. (NYSE:DEI)’s share price reached a new 52-week high on Friday . The company traded as high as $17.85 and last traded at $17.75, with a volume of 178234 shares trading hands. The stock had previously closed at $17.49.

Analyst Ratings Changes

Several brokerages have weighed in on DEI. JPMorgan Chase & Co. upped their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Scotiabank boosted their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Citigroup upped their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Evercore ISI lifted their price objective on Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Finally, Piper Sandler raised their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.29.

Douglas Emmett Price Performance

The company has a fifty day simple moving average of $16.08 and a two-hundred day simple moving average of $14.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of -57.87 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last released its earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.37). Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The business had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $246.62 million. During the same quarter last year, the company posted $0.48 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, research analysts anticipate that Douglas Emmett, Inc. will post 1.67 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be issued a $0.19 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.24%. Douglas Emmett’s dividend payout ratio (DPR) is presently -245.16%.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors have recently added to or reduced their stakes in the company. Centersquare Investment Management LLC grew its holdings in shares of Douglas Emmett by 20.8% during the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after purchasing an additional 751,419 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Douglas Emmett by 20.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,037,437 shares of the real estate investment trust’s stock valued at $44,043,000 after acquiring an additional 525,831 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Douglas Emmett in the 2nd quarter valued at $3,825,000. Vanguard Group Inc. boosted its position in shares of Douglas Emmett by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after buying an additional 229,301 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in shares of Douglas Emmett during the 2nd quarter valued at about $2,573,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Company Profile

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.