Shares of Douglas Emmett, Inc. (NYSE:DEI – Get Free Report) 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
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 – Get Free Report) 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.
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