Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Target Price at $18.75

Douglas Emmett, Inc. (NYSE:DEI) has been given an average recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $18.75.

A number of brokerages have weighed in on DEI. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Monday, January 13th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group boosted their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Scotiabank raised 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 report on Thursday, November 14th. Finally, Evercore ISI boosted their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th.

Institutional Trading of Douglas Emmett

Several institutional investors have recently added to or reduced their stakes in DEI. Dimensional Fund Advisors LP raised its holdings in 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. Sei Investments Co. increased its stake in 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 valued at $1,191,000 after purchasing an additional 42,733 shares during the last quarter. Xponance Inc. bought a new stake in Douglas Emmett during the second quarter valued at $137,000. Squarepoint Ops LLC increased its stake in Douglas Emmett by 91.8% during the second quarter. Squarepoint Ops LLC now owns 119,762 shares of the real estate investment trust’s stock valued at $1,594,000 after purchasing an additional 57,306 shares during the last quarter. Finally, AXA S.A. increased its stake in Douglas Emmett by 2.6% during the second quarter. AXA S.A. now owns 410,523 shares of the real estate investment trust’s stock valued at $5,464,000 after purchasing an additional 10,544 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Trading Down 0.9 %

Shares of DEI stock opened at $17.59 on Monday. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -175.91 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett has a fifty-two week low of $12.35 and a fifty-two week high of $20.50. The firm’s 50 day moving average price is $18.52 and its two-hundred day moving average price is $17.36.

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

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.32%. Douglas Emmett’s dividend payout ratio is presently -760.00%.

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.