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

Douglas Emmett, Inc. (NYSE:DEI) has been assigned an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $17.83.

A number of research firms recently issued reports on DEI. Evercore ISI boosted their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Citigroup raised their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Wells Fargo & Company raised their price objective on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upped their target price on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th.

Douglas Emmett Stock Performance

Shares of DEI opened at $18.56 on Thursday. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The firm’s fifty day simple moving average is $18.87 and its two-hundred day simple moving average is $16.81. Douglas Emmett has a 12 month low of $12.35 and a 12 month high of $20.50. The stock has a market capitalization of $3.11 billion, a P/E ratio of -185.60 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. During the same period in the prior year, the business earned $0.45 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, analysts predict that Douglas Emmett will post 1.7 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.09%. Douglas Emmett’s dividend payout ratio (DPR) is currently -760.00%.

Hedge Funds Weigh In On Douglas Emmett

Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in shares of Douglas Emmett by 4,395.5% in the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock valued at $27,729,000 after purchasing an additional 1,543,099 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Douglas Emmett by 379.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust’s stock valued at $19,071,000 after buying an additional 858,857 shares during the last quarter. FMR LLC lifted its position in shares of Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after buying an additional 384,371 shares in the last quarter. NFJ Investment Group LLC purchased a new position in shares of Douglas Emmett in the 3rd quarter worth approximately $6,210,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Douglas Emmett by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock valued at $33,212,000 after acquiring an additional 186,385 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

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.