Douglas Emmett, Inc. (NYSE:DEI) Given Consensus Recommendation of “Hold” by Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.43.

DEI has been the topic of a number of analyst reports. Piper Sandler raised their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $16.00 to $21.00 in a research report on Thursday. Wells Fargo & Company increased their target price on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Citigroup lifted their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, Evercore ISI upped their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th.

Douglas Emmett Stock Down 0.5 %

NYSE:DEI opened at $18.39 on Wednesday. Douglas Emmett has a 1-year low of $11.08 and a 1-year high of $19.59. The firm has a market capitalization of $3.08 billion, a P/E ratio of -183.90 and a beta of 1.10. The company’s fifty day moving average price is $17.79 and its 200-day moving average price is $15.57. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 5.11.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). The business had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, equities research analysts anticipate that Douglas Emmett will post 1.7 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Monday, September 30th. Douglas Emmett’s dividend payout ratio is currently -760.00%.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors have recently modified their holdings of the business. Wolverine Asset Management LLC bought a new position in shares of Douglas Emmett in the second quarter worth $32,000. Venturi Wealth Management LLC bought a new position in Douglas Emmett in the 3rd quarter valued at about $48,000. Blue Trust Inc. raised its position in shares of Douglas Emmett by 1,081.5% in the 3rd 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 in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Douglas Emmett by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,175 shares during the period. Finally, Raleigh Capital Management Inc. boosted its position 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 in the last quarter. 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.