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

Douglas Emmett, Inc. (NYSE:DEI) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.75.

DEI has been the topic of a number of research analyst reports. Evercore ISI increased their target price on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Jefferies Financial Group boosted their price objective on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. 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 report on Monday, January 13th.

Douglas Emmett Trading Down 0.2 %

NYSE:DEI opened at $16.53 on Friday. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The business’s 50 day moving average is $17.84 and its two-hundred day moving average is $17.59. Douglas Emmett has a 52 week low of $12.50 and a 52 week high of $20.50. The company has a market cap of $2.77 billion, a PE ratio of 127.13 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates 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, analysts predict that Douglas Emmett will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett’s dividend payout ratio is presently 584.66%.

Institutional Trading of Douglas Emmett

Hedge funds and other institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC bought a new stake in shares of Douglas Emmett in the 3rd quarter worth $48,000. Tower Research Capital LLC TRC raised its stake in shares of Douglas Emmett by 203.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Douglas Emmett in the 4th quarter worth $56,000. Blue Trust Inc. raised its stake in shares of Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 3,396 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its position in shares of Douglas Emmett by 62.0% during the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,476 shares during the period. Institutional investors own 97.37% of the company’s stock.

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.