Douglas Emmett (NYSE:DEI) Receives Neutral Rating from Janney Montgomery Scott

Janney Montgomery Scott reaffirmed their neutral rating on shares of Douglas Emmett (NYSE:DEI) in a research note released on Wednesday morning, Marketbeat reports.

Several other research analysts have also recently commented on DEI. Jefferies Financial Group boosted their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, January 13th. Evercore ISI upped their price objective on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.75.

Douglas Emmett Price Performance

Shares of DEI opened at $17.50 on Wednesday. The company has a market cap of $2.93 billion, a P/E ratio of -175.04 and a beta of 1.11. Douglas Emmett has a fifty-two week low of $12.35 and a fifty-two week high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The firm’s 50 day moving average price is $18.65 and its 200 day moving average price is $17.12.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter in the previous year, the business posted $0.45 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts forecast that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.34%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently -760.00%.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors have recently added to or reduced their stakes in DEI. Choreo LLC bought a new stake in shares of Douglas Emmett in the second quarter worth $147,000. Massachusetts Financial Services Co. MA grew its holdings in Douglas Emmett by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock worth $107,681,000 after acquiring an additional 165,425 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Douglas Emmett by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock worth $33,212,000 after purchasing an additional 186,385 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Douglas Emmett by 3.4% in the 2nd quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust’s stock valued at $353,000 after purchasing an additional 883 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Douglas Emmett by 91.4% during the second quarter. Sei Investments Co. now owns 89,505 shares of the real estate investment trust’s stock worth $1,191,000 after purchasing an additional 42,733 shares during the last quarter. Institutional investors and hedge funds 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.