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

Shares of Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) have earned an average recommendation of "Hold" from the eight research firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.25.

Several equities analysts have recently weighed in on DEI shares. Scotiabank raised Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Jefferies Financial Group raised their price objective on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a "hold" rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a research note on Monday, September 9th. Citigroup raised their target price on Douglas Emmett from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Finally, Wedbush upgraded 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.

Douglas Emmett Stock Up 1.0 %

Shares of NYSE DEI traded up $0.19 during trading on Thursday, reaching $18.75. The company had a trading volume of 914,006 shares, compared to its average volume of 1,613,790. Douglas Emmett has a 12-month low of $12.35 and a 12-month high of $20.50. 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's 50-day moving average is $18.87 and its 200 day moving average is $16.81. The stock has a market cap of $3.14 billion, a PE ratio of -187.50 and a beta of 1.11.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings data 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). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. During the same period last year, the company posted $0.45 earnings per share. The business's revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts forecast that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Tuesday, December 31st. Douglas Emmett's payout ratio is presently -760.00%.

Institutional Investors Weigh In On Douglas Emmett

Several large investors have recently bought and sold shares of DEI. Massachusetts Financial Services Co. MA lifted its holdings in shares of Douglas Emmett by 2.1% in 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 acquiring an additional 165,425 shares during the last quarter. Bamco Inc. NY lifted its holdings in Douglas Emmett by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust's stock valued at $112,263,000 after buying an additional 20,000 shares in the last quarter. FMR LLC boosted its position in Douglas Emmett by 8.5% in the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust's stock valued at $85,809,000 after buying an additional 384,371 shares during the period. Geode Capital Management LLC grew its stake in Douglas Emmett by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock worth $73,312,000 after acquiring an additional 26,961 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Douglas Emmett by 3.5% during 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. 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.