Douglas Emmett (NYSE:DEI) Now Covered by Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Douglas Emmett (NYSE:DEI) in a research note published on Monday morning, Marketbeat reports. The firm issued a hold rating and a $16.00 target price on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on DEI. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, January 13th. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.50.

Douglas Emmett Price Performance

DEI stock opened at $16.02 on Monday. The business’s fifty day moving average price is $17.02 and its 200 day moving average price is $17.76. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. Douglas Emmett has a 12-month low of $12.50 and a 12-month high of $20.50. The company has a market capitalization of $2.68 billion, a PE ratio of 123.20 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results 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%. On average, sell-side analysts anticipate that Douglas Emmett will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.75%. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Institutional Trading of Douglas Emmett

A number of large investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in shares of Douglas Emmett by 1.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust’s stock valued at $147,437,000 after purchasing an additional 125,727 shares during the period. FMR LLC raised its stake in Douglas Emmett by 59.6% during the 4th quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock valued at $144,662,000 after acquiring an additional 2,910,490 shares during the last quarter. Bamco Inc. NY raised its stake in Douglas Emmett by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock valued at $112,263,000 after acquiring an additional 20,000 shares during the last quarter. Geode Capital Management LLC raised its stake in Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after acquiring an additional 26,961 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Douglas Emmett by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock valued at $70,764,000 after acquiring an additional 14,886 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

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.