Douglas Emmett, Inc. (NYSE:DEI) Receives $17.83 Consensus Price Target from Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has received an average recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.25.

DEI has been the topic of a number of research analyst reports. Wedbush raised 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. Wells Fargo & Company raised their price objective on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Evercore ISI boosted their target price on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Jefferies Financial Group lifted their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday.

Douglas Emmett Trading Up 1.0 %

Douglas Emmett stock opened at $18.94 on Thursday. Douglas Emmett has a 52-week low of $12.35 and a 52-week high of $20.50. The company has a market cap of $3.17 billion, a P/E ratio of -189.40 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The business has a 50-day simple moving average of $18.88 and a two-hundred day simple moving average of $16.86.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. Analysts predict that Douglas Emmett will post 1.7 EPS for the current year.

Douglas Emmett Announces Dividend

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

Institutional Trading of Douglas Emmett

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its position in Douglas Emmett by 2.1% during the second 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 purchasing an additional 165,425 shares in the last quarter. Bamco Inc. NY boosted its position in shares of 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 worth $112,263,000 after purchasing an additional 20,000 shares in the last quarter. FMR LLC grew its stake in Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after buying an additional 384,371 shares during the last quarter. Geode Capital Management LLC increased its position in Douglas Emmett by 0.7% during 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 buying an additional 127,274 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

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.