Douglas Emmett, Inc. (NYSE:DEI) Receives $16.71 Consensus Price Target from Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $17.43.

A number of research analysts have recently commented on DEI shares. Piper Sandler increased their price objective on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Citigroup lifted their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $16.00 to $21.00 in a report on Thursday. Wells Fargo & Company lifted their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Finally, Evercore ISI raised their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th.

Institutional Trading of Douglas Emmett

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DEI. Barclays PLC grew its position 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 during the period. Public Employees Retirement System of Ohio boosted its position 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 buying an additional 1,794 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Douglas Emmett by 0.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust’s stock worth $3,714,000 after buying an additional 1,300 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Douglas Emmett in the 3rd quarter worth approximately $428,000. Finally, Weiss Asset Management LP bought a new stake in Douglas Emmett during the 3rd quarter worth approximately $777,000. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Down 0.5 %

Douglas Emmett stock opened at $18.38 on Wednesday. The company has a quick ratio of 5.11, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett has a 12 month low of $11.08 and a 12 month high of $19.59. The company’s fifty day simple moving average is $17.74 and its 200-day simple moving average is $15.52. The stock has a market cap of $3.08 billion, a P/E ratio of -183.90 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 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 firm had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. During the same period in the previous year, the firm posted $0.45 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were given a $0.19 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.13%. Douglas Emmett’s dividend payout ratio is currently -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.