Douglas Emmett (NYSE:DEI) Rating Increased to Overweight at Piper Sandler

Piper Sandler upgraded shares of Douglas Emmett (NYSE:DEI) from a neutral rating to an overweight rating in a research report released on Monday, MarketBeat.com reports. The brokerage currently has $20.00 price target on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on DEI. Scotiabank raised 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 research report on Thursday, November 14th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price target for the company from $19.00 to $21.00 in a research note 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 note on Thursday, January 2nd. Finally, Evercore ISI increased their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Douglas Emmett has an average rating of “Hold” and an average target price of $18.75.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock opened at $16.74 on Monday. The stock’s fifty day moving average is $18.77 and its two-hundred day moving average is $17.06. The company has a market capitalization of $2.80 billion, a PE ratio of -167.40 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. Douglas Emmett has a 52 week low of $12.35 and a 52 week high of $20.50.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results 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). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The firm had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. During the same period in the previous year, the company posted $0.45 EPS. Douglas Emmett’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, analysts expect that Douglas Emmett will post 1.7 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Tuesday, December 31st. Douglas Emmett’s payout ratio is currently -760.00%.

Hedge Funds Weigh In On Douglas Emmett

Several hedge funds and other institutional investors have recently made changes to their positions in DEI. Arizona State Retirement System raised its position in Douglas Emmett by 2.2% in the second quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust’s stock valued at $624,000 after purchasing an additional 1,027 shares during the period. Choreo LLC acquired a new stake in shares of Douglas Emmett in the second quarter valued at $147,000. Massachusetts Financial Services Co. MA grew its stake in 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 worth $107,681,000 after purchasing an additional 165,425 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Douglas Emmett by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock worth $33,212,000 after purchasing an additional 186,385 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Douglas Emmett by 3.4% during the 2nd quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust’s stock worth $353,000 after buying an additional 883 shares during the last quarter. Hedge funds and other 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.