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

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been assigned an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $15.88.

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Scotiabank raised their price objective on Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Evercore ISI boosted their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Finally, Citigroup lifted their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th.

Douglas Emmett Stock Performance

NYSE:DEI opened at $17.43 on Tuesday. The stock has a 50 day simple moving average of $15.63 and a 200 day simple moving average of $14.29. The stock has a market cap of $2.92 billion, a P/E ratio of -56.21 and a beta of 1.10. Douglas Emmett has a 1-year low of $10.76 and a 1-year high of $17.55. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 1.47.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The business had revenue of $245.80 million during the quarter, compared to the consensus estimate of $246.62 million. During the same period in the previous year, the firm posted $0.48 EPS. The company’s revenue was down 3.0% compared to the same quarter last year. Research analysts anticipate that Douglas Emmett will post 1.67 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 4.36%. Douglas Emmett’s payout ratio is -245.16%.

Institutional Trading of Douglas Emmett

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Douglas Emmett by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock valued at $379,716,000 after buying an additional 229,301 shares during the period. Manning & Napier Advisors LLC bought a new stake in Douglas Emmett during the 2nd quarter valued at $3,825,000. GSA Capital Partners LLP increased its position in shares of Douglas Emmett by 356.7% during the first quarter. GSA Capital Partners LLP now owns 116,902 shares of the real estate investment trust’s stock worth $1,621,000 after acquiring an additional 91,305 shares in the last quarter. Centersquare Investment Management LLC raised its stake in shares of Douglas Emmett by 20.8% in the first quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after purchasing an additional 751,419 shares during the last quarter. Finally, Norges Bank purchased a new stake in Douglas Emmett in the 4th quarter valued at $26,467,000. 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.