Janney Montgomery Scott Reaffirms Neutral Rating for Douglas Emmett (NYSE:DEI)

Douglas Emmett (NYSE:DEI)‘s stock had its “neutral” rating reaffirmed by equities researchers at Janney Montgomery Scott in a report released on Wednesday, MarketBeat Ratings reports.

Several other equities research analysts have also commented on DEI. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Evercore ISI lifted their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Jefferies Financial Group lifted their price objective on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Monday. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus target price of $18.75.

Douglas Emmett Stock Up 0.3 %

DEI stock opened at $17.25 on Wednesday. Douglas Emmett has a one year low of $12.35 and a one year high of $20.50. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The firm’s fifty day moving average is $18.68 and its 200 day moving average is $17.09. The firm has a market cap of $2.89 billion, a PE ratio of -172.48 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). The business had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. Douglas Emmett’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, research analysts forecast that Douglas Emmett will post 1.7 EPS for the current year.

Institutional Trading of Douglas Emmett

Several large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its position in shares of Douglas Emmett by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock valued at $107,681,000 after acquiring an additional 165,425 shares during the last quarter. Bamco Inc. NY boosted its holdings in Douglas Emmett by 0.3% in 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 purchasing an additional 20,000 shares during the last quarter. FMR LLC grew its stake in shares of Douglas Emmett by 8.5% in the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock valued at $85,809,000 after buying an additional 384,371 shares during the period. Geode Capital Management LLC grew its stake 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 valued at $73,312,000 after buying an additional 26,961 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Douglas Emmett by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after buying an additional 127,274 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

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.