Douglas Emmett, Inc. (NYSE:DEI) Given Consensus Rating of “Hold” by Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has received a consensus rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $15.88.

Several research firms have recently issued reports on DEI. Wells Fargo & Company raised their price target on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Scotiabank increased their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Citigroup boosted their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Piper Sandler boosted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, Evercore ISI increased their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th.

Hedge Funds Weigh In On Douglas Emmett

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Douglas Emmett by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after purchasing an additional 229,301 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Douglas Emmett in the 2nd quarter valued at about $3,825,000. GSA Capital Partners LLP increased its position in shares of Douglas Emmett by 356.7% in the first quarter. GSA Capital Partners LLP now owns 116,902 shares of the real estate investment trust’s stock valued at $1,621,000 after acquiring an additional 91,305 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in Douglas Emmett by 20.8% during the first quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after acquiring an additional 751,419 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Douglas Emmett during the 4th quarter worth approximately $26,467,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Price Performance

DEI opened at $17.43 on Tuesday. The company’s 50 day simple moving average is $15.63 and its 200-day simple moving average is $14.29. Douglas Emmett has a one year low of $10.76 and a one year high of $17.55. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11. The stock has a market capitalization of $2.92 billion, a P/E ratio of -56.21 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). The firm had revenue of $245.80 million during the quarter, compared to analyst estimates of $246.62 million. Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. Douglas Emmett’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. Sell-side analysts anticipate that Douglas Emmett will post 1.67 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Monday, September 30th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.36%. Douglas Emmett’s payout ratio is presently -245.16%.

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.