Douglas Emmett, Inc. (NYSE:DEI) Receives $17.83 Average PT from Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $18.25.

A number of research firms have issued reports on DEI. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group increased their price target on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Citigroup lifted their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Evercore ISI increased their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th.

Douglas Emmett Trading Down 3.0 %

NYSE DEI opened at $16.90 on Thursday. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett has a 52 week low of $12.35 and a 52 week high of $20.50. The business has a 50 day moving average price of $18.84 and a 200-day moving average price of $16.97. The company has a market cap of $2.83 billion, a price-to-earnings ratio of -169.00 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, equities analysts expect that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Tuesday, December 31st. Douglas Emmett’s dividend payout ratio (DPR) is currently -760.00%.

Institutional Trading of Douglas Emmett

Several hedge funds have recently added to or reduced their stakes in DEI. Nordea Investment Management AB grew its position in shares of Douglas Emmett by 4.0% during the 4th quarter. Nordea Investment Management AB now owns 663,262 shares of the real estate investment trust’s stock valued at $12,317,000 after acquiring an additional 25,737 shares during the period. GAMMA Investing LLC grew its holdings in Douglas Emmett by 19.7% during the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 750 shares during the period. Franklin Resources Inc. increased its position in Douglas Emmett by 6.1% in the third quarter. Franklin Resources Inc. now owns 103,493 shares of the real estate investment trust’s stock worth $1,866,000 after buying an additional 5,965 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Douglas Emmett by 0.7% in the third 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, Barclays PLC lifted its position in shares of Douglas Emmett by 3.8% during the 3rd quarter. Barclays PLC now owns 293,446 shares of the real estate investment trust’s stock valued at $5,155,000 after buying an additional 10,653 shares during the last quarter. 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.