Douglas Emmett (NYSE:DEI) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Douglas Emmett (NYSE:DEI) had its price objective increased by investment analysts at Jefferies Financial Group from $17.00 to $18.00 in a report released on Thursday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price indicates a potential downside of 4.96% from the stock’s current price.

Several other equities analysts have also commented on DEI. JPMorgan Chase & Co. increased their price objective on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Citigroup lifted their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Wells Fargo & Company upped their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Finally, Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price target for the company from $19.00 to $21.00 in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.25.

Douglas Emmett Trading Up 1.0 %

Shares of DEI opened at $18.94 on Thursday. Douglas Emmett has a 1-year low of $12.35 and a 1-year high of $20.50. The company has a market capitalization of $3.17 billion, a P/E ratio of -189.40 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The firm’s 50 day simple moving average is $18.88 and its 200 day simple moving average is $16.86.

Douglas Emmett (NYSE:DEI) last posted 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). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The company had revenue of $250.75 million for the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter last year, the business posted $0.45 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Sell-side analysts forecast that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Institutional Trading of Douglas Emmett

Large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its position in Douglas Emmett by 19.7% during the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 750 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Douglas Emmett by 6.1% during the third quarter. Franklin Resources Inc. now owns 103,493 shares of the real estate investment trust’s stock valued at $1,866,000 after acquiring an additional 5,965 shares in the last quarter. Geode Capital Management LLC lifted its stake in Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after acquiring an additional 26,961 shares during the period. Barclays PLC boosted its holdings in Douglas Emmett by 3.8% in the third quarter. Barclays PLC now owns 293,446 shares of the real estate investment trust’s stock valued at $5,155,000 after acquiring an additional 10,653 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in Douglas Emmett by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 243,939 shares of the real estate investment trust’s stock valued at $4,286,000 after acquiring an additional 1,794 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

About Douglas Emmett

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.