Analysts Set Douglas Emmett, Inc. (NYSE:DEI) PT at $18.75

Douglas Emmett, Inc. (NYSE:DEI) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $18.75.

DEI has been the subject of a number of research analyst reports. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Monday, January 13th. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Jefferies Financial Group increased their price objective on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Finally, Evercore ISI increased their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th.

Institutional Investors Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew 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 purchasing an additional 186,385 shares during the period. Sei Investments Co. grew its holdings in Douglas Emmett by 91.4% in 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 period. Xponance Inc. purchased a new stake in Douglas Emmett in the second quarter valued at approximately $137,000. Squarepoint Ops LLC grew its holdings in Douglas Emmett by 91.8% in 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 period. Finally, AXA S.A. grew its holdings in Douglas Emmett by 2.6% in 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 period. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Stock Performance

Shares of DEI opened at $17.59 on Monday. The company has a 50-day simple moving average of $18.52 and a 200-day simple moving average of $17.36. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $2.95 billion, a PE ratio of -175.91 and a beta of 1.11. Douglas Emmett has a 52-week low of $12.35 and a 52-week high of $20.50.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The company had revenue of $250.75 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. Equities research analysts predict that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.32%. Douglas Emmett’s dividend payout ratio (DPR) 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.