Douglas Emmett, Inc. (NYSE:DEI) Receives Consensus Rating of “Hold” from Analysts

Douglas Emmett, Inc. (NYSE:DEI) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $18.50.

A number of equities research analysts have commented on DEI shares. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Monday, January 13th. Finally, Jefferies Financial Group initiated coverage on Douglas Emmett in a report on Monday. They issued a “hold” rating and a $16.00 price objective on the stock.

Institutional Trading of Douglas Emmett

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jefferies Financial Group Inc. acquired a new stake in Douglas Emmett during the fourth quarter worth about $305,000. GF Fund Management CO. LTD. acquired a new stake in Douglas Emmett in the fourth quarter valued at approximately $56,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Douglas Emmett by 2.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,111,859 shares of the real estate investment trust’s stock valued at $20,636,000 after purchasing an additional 26,432 shares during the period. Wexford Capital LP acquired a new stake in Douglas Emmett in the fourth quarter valued at approximately $438,000. Finally, State of Wyoming grew its holdings in Douglas Emmett by 5.1% in the fourth quarter. State of Wyoming now owns 29,297 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 1,428 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Trading Up 2.3 %

Douglas Emmett stock opened at $16.02 on Tuesday. The stock has a 50-day moving average of $17.02 and a two-hundred day moving average of $17.76. 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 has a one year low of $12.50 and a one year high of $20.50. The stock has a market cap of $2.68 billion, a PE ratio of 123.20 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating 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%. On average, research analysts anticipate that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend 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 584.62%.

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.