Analysts Set Douglas Emmett, Inc. (NYSE:DEI) Target Price at $17.83

Douglas Emmett, Inc. (NYSE:DEI) has been assigned an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $18.25.

A number of equities analysts have issued reports on DEI shares. 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. Citigroup upped their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $19.00 to $21.00 in a report on Thursday. Finally, Jefferies Financial Group boosted their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday.

Institutional Investors Weigh In On Douglas Emmett

Large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new position in Douglas Emmett during the 2nd quarter valued at approximately $32,000. Venturi Wealth Management LLC bought a new stake in shares of Douglas Emmett during the third quarter valued at approximately $48,000. Quarry LP lifted its position in Douglas Emmett by 155.0% in the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 2,505 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 3,396 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Douglas Emmett by 44.6% during the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,175 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

Shares of NYSE:DEI opened at $18.94 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. Douglas Emmett has a 52 week low of $12.35 and a 52 week high of $20.50. The firm has a market cap of $3.17 billion, a PE ratio of -189.40 and a beta of 1.11. The firm’s fifty day moving average is $18.88 and its 200-day moving average is $16.86.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. Douglas Emmett’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. Sell-side analysts predict that Douglas Emmett will post 1.7 earnings per share for the current year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Tuesday, December 31st. Douglas Emmett’s payout ratio is presently -760.00%.

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.