Douglas Emmett, Inc. (NYSE:DEI) Receives $17.43 Consensus Price Target from Analysts

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

Several equities research analysts have recently commented on DEI shares. JPMorgan Chase & Co. lifted their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Wells Fargo & Company boosted their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Evercore ISI increased their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Citigroup lifted their target price on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $16.00 to $21.00 in a report on Thursday, November 14th.

Douglas Emmett Trading Down 2.2 %

Shares of NYSE:DEI opened at $19.46 on Friday. The business’s 50-day moving average is $18.57 and its 200 day moving average is $16.20. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.27. The firm has a market capitalization of $3.26 billion, a P/E ratio of -194.55 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last posted 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). The company 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 business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. On average, research analysts predict that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Douglas Emmett

Hedge funds have recently modified their holdings of the company. Franklin Resources Inc. boosted its position in Douglas Emmett by 6.1% during the third quarter. Franklin Resources Inc. now owns 103,493 shares of the real estate investment trust’s stock worth $1,866,000 after purchasing an additional 5,965 shares in the last quarter. Geode Capital Management LLC raised its position in Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after acquiring an additional 26,961 shares during the period. Barclays PLC lifted its holdings in Douglas Emmett by 3.8% during the third quarter. Barclays PLC now owns 293,446 shares of the real estate investment trust’s stock valued at $5,155,000 after purchasing an additional 10,653 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Douglas Emmett by 0.7% during 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 acquiring an additional 1,794 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew 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. 97.37% of the stock is owned by hedge funds and other institutional investors.

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.