Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Price Target at $16.29

Shares of Douglas Emmett, Inc. (NYSE:DEI) have received an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.29.

A number of brokerages recently commented on DEI. JPMorgan Chase & Co. raised their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Evercore ISI upped 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. Wells Fargo & Company increased their price objective on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Scotiabank boosted their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Finally, Piper Sandler lifted their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 12th.

Institutional Trading of Douglas Emmett

A number of large investors have recently added to or reduced their stakes in DEI. Wolverine Asset Management LLC bought a new stake in shares of Douglas Emmett in the 2nd quarter valued at about $32,000. Blue Trust Inc. raised its stake in Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 3,396 shares during the period. GAMMA Investing LLC lifted its position in shares of Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,175 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Douglas Emmett by 62.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 1,476 shares during the period. Finally, Quarry LP raised its stake in Douglas Emmett by 155.0% in the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 2,505 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Stock Down 1.5 %

Shares of Douglas Emmett stock opened at $18.36 on Friday. The company has a market capitalization of $3.07 billion, a P/E ratio of -59.21 and a beta of 1.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11. The business has a 50-day moving average of $16.98 and a two-hundred day moving average of $15.03. Douglas Emmett has a 1 year low of $10.76 and a 1 year high of $19.27.

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

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 4.14%. Douglas Emmett’s dividend payout ratio is presently -245.16%.

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.