Douglas Emmett, Inc. (NYSE:DEI) Receives $18.50 Consensus Target Price from Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has received an average rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Five 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 target among analysts that have updated their coverage on the stock in the last year is $18.50.

DEI has been the subject of several analyst reports. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Jefferies Financial Group initiated coverage on Douglas Emmett in a research note on Monday. They issued a “hold” rating and a $16.00 target price for the company. Finally, Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Monday, January 13th.

Douglas Emmett Trading Up 1.2 %

Shares of DEI opened at $16.27 on Tuesday. The business has a 50-day moving average of $16.96 and a 200 day moving average of $17.74. Douglas Emmett has a fifty-two week low of $12.50 and a fifty-two week high of $20.50. The firm has a market cap of $2.72 billion, a P/E ratio of 125.13 and a beta of 1.13. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate 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 forecast that Douglas Emmett will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.67%. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Institutional Trading of Douglas Emmett

A number of hedge funds have recently bought and sold shares of DEI. Tower Research Capital LLC TRC lifted its position in Douglas Emmett by 203.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,964 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in Douglas Emmett in the 4th quarter worth approximately $56,000. Smartleaf Asset Management LLC lifted its position in Douglas Emmett by 222.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 2,933 shares during the last quarter. GAMMA Investing LLC lifted its position in Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 750 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in Douglas Emmett by 30.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 1,172 shares during the last quarter. Institutional investors 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.