Douglas Emmett, Inc. (NYSE:DEI) Receives Average Rating of “Hold” from Analysts

Douglas Emmett, Inc. (NYSE:DEI) has been given an average rating of “Hold” by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $18.50.

Several research firms have recently weighed in on DEI. Jefferies Financial Group began coverage on Douglas Emmett in a research report on Monday. They issued a “hold” rating and a $16.00 target price on the stock. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Monday, January 13th. Finally, Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd.

Institutional Investors Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in Douglas Emmett by 203.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,964 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Douglas Emmett during the fourth quarter worth $56,000. Smartleaf Asset Management LLC increased its stake in Douglas Emmett by 222.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 2,933 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 750 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in shares of Douglas Emmett by 30.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 1,172 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Stock Up 2.3 %

Shares of DEI opened at $16.02 on Tuesday. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. Douglas Emmett has a 12 month low of $12.50 and a 12 month high of $20.50. The stock’s 50 day moving average is $17.02 and its two-hundred day moving average is $17.76. The firm has a market cap of $2.68 billion, a P/E ratio of 123.20 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Analysts predict that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 4.75%. Douglas Emmett’s dividend payout ratio (DPR) is 584.62%.

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.