Douglas Emmett (NYSE:DEI) Earns Hold Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Douglas Emmett (NYSE:DEI) in a research note published on Monday, Marketbeat.com reports. The brokerage issued a hold rating and a $16.00 target price on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the company. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Finally, Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Douglas Emmett Stock Up 2.3 %

DEI opened at $16.02 on Monday. The company has a market cap of $2.68 billion, a PE ratio of 123.20 and a beta of 1.13. The business has a 50 day moving average price of $17.02 and a two-hundred day moving average price of $17.76. Douglas Emmett has a 52 week low of $12.50 and a 52 week high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. As a group, research analysts anticipate that Douglas Emmett will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Institutional Investors Weigh In On Douglas Emmett

A number of large investors have recently bought and sold shares of DEI. Victory Capital Management Inc. grew its holdings in Douglas Emmett by 4,395.5% during the 3rd 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 buying an additional 1,543,099 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Douglas Emmett by 31.6% during the third quarter. Metis Global Partners LLC now owns 17,240 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 4,142 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Douglas Emmett by 8.5% during the third quarter. Natixis Advisors LLC now owns 56,088 shares of the real estate investment trust’s stock worth $985,000 after purchasing an additional 4,410 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Douglas Emmett during the third quarter worth $650,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Douglas Emmett by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after purchasing an additional 127,274 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

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.