Douglas Emmett, Inc. (NYSE:DEI) Receives Consensus Recommendation of "Hold" from Analysts

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) has been given a consensus rating of "Hold" by the nine analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.75.

A number of brokerages have recently issued reports on DEI. Scotiabank raised shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Janney Montgomery Scott reiterated a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Wedbush raised Douglas Emmett from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Jefferies Financial Group lifted their target price on Douglas Emmett from $17.00 to $18.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Finally, Evercore ISI increased their price target on Douglas Emmett from $16.00 to $19.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th.

Institutional Trading of Douglas Emmett

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in 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 worth $73,312,000 after purchasing an additional 26,961 shares during the last quarter. KBC Group NV boosted its position in Douglas Emmett by 41.1% during the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock valued at $129,000 after purchasing an additional 2,018 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Douglas Emmett during the third quarter valued at about $650,000. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $66,728,000 after acquiring an additional 127,274 shares during the period. Finally, Citigroup Inc. boosted its holdings in Douglas Emmett by 43.0% during the third quarter. Citigroup Inc. now owns 227,814 shares of the real estate investment trust's stock worth $4,003,000 after buying an additional 68,507 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Price Performance

Shares of DEI traded down $0.39 on Friday, hitting $16.14. The company's stock had a trading volume of 1,955,487 shares, compared to its average volume of 1,994,020. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The company has a market capitalization of $2.70 billion, a PE ratio of 124.12 and a beta of 1.11. The company has a 50 day moving average price of $17.84 and a 200 day moving average price of $17.59. Douglas Emmett has a fifty-two week low of $12.50 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. On average, research analysts anticipate that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend was Tuesday, December 31st. Douglas Emmett's payout ratio is currently 584.66%.

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.