Douglas Emmett (NYSE:DEI) Price Target Raised to $18.00 at Jefferies Financial Group

Douglas Emmett (NYSE:DEI) had its price objective lifted by Jefferies Financial Group from $17.00 to $18.00 in a research report report published on Thursday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the real estate investment trust’s stock.

DEI has been the subject of a number of other reports. Scotiabank upgraded 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. Wells Fargo & Company lifted their target price on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. increased their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Evercore ISI raised their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $19.00 to $21.00 in a research report on Thursday. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and an average price target of $18.25.

Douglas Emmett Trading Up 1.0 %

NYSE DEI opened at $18.75 on Thursday. Douglas Emmett has a 12 month low of $12.35 and a 12 month high of $20.50. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $3.14 billion, a PE ratio of -187.50 and a beta of 1.11. The business’s 50-day moving average price is $18.87 and its two-hundred day moving average price is $16.82.

Douglas Emmett (NYSE:DEI) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The firm 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 for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. On average, analysts expect that Douglas Emmett will post 1.7 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.05%. Douglas Emmett’s payout ratio is -760.00%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Douglas Emmett by 0.7% in the 3rd 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 last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Douglas Emmett by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock worth $1,219,000 after purchasing an additional 3,183 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Douglas Emmett in the third quarter valued at approximately $650,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Douglas Emmett by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock valued at $66,728,000 after purchasing an additional 127,274 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Douglas Emmett by 8.1% during 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 buying an additional 186,385 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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.