Douglas Emmett, Inc. (NYSE:DEI) Given Consensus Rating of "Hold" by Brokerages

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) has been given an average rating of "Hold" by the nine ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.50.

DEI has been the subject of a number of research analyst reports. Piper Sandler raised shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 target price for the company in a research report on Monday, January 13th. Wedbush raised shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. StockNews.com downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Finally, Jefferies Financial Group began coverage on Douglas Emmett in a research note on Monday, March 17th. They issued a "hold" rating and a $16.00 price objective on the stock.

Institutional Trading of Douglas Emmett

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of Douglas Emmett in the 1st quarter valued at about $3,482,000. GAMMA Investing LLC grew its holdings in shares of Douglas Emmett by 1,508.8% during the first quarter. GAMMA Investing LLC now owns 73,376 shares of the real estate investment trust's stock worth $1,174,000 after buying an additional 68,815 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Douglas Emmett in the 4th quarter valued at approximately $305,000. GF Fund Management CO. LTD. bought a new stake in Douglas Emmett in the 4th quarter valued at approximately $56,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Douglas Emmett by 2.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,111,859 shares of the real estate investment trust's stock worth $20,636,000 after acquiring an additional 26,432 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

Douglas Emmett Stock Up 1.6 %

Shares of NYSE:DEI traded up $0.22 during midday trading on Friday, hitting $13.98. 209,506 shares of the stock were exchanged, compared to its average volume of 1,686,304. The business's fifty day simple moving average is $15.84 and its two-hundred day simple moving average is $17.48. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. Douglas Emmett has a 52-week low of $12.39 and a 52-week high of $20.50. The company has a market capitalization of $2.34 billion, a PE ratio of 107.23 and a beta of 1.09.

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

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's dividend payout ratio is 584.62%.

About Douglas Emmett

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.