Douglas Emmett, Inc. (NYSE:DEI) Receives $17.43 Average Target Price from Analysts

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) has earned an average rating of "Hold" from the seven brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $17.43.

Several brokerages have issued reports on DEI. Evercore ISI increased their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. Piper Sandler lifted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Scotiabank raised shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Finally, Citigroup boosted their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, September 12th.

Institutional Investors Weigh In On Douglas Emmett

A number of institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new stake in shares of Douglas Emmett during the 2nd quarter valued at about $32,000. Venturi Wealth Management LLC bought a new position in shares of Douglas Emmett during the third quarter valued at approximately $48,000. Quarry LP raised its position in shares of Douglas Emmett by 155.0% during the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 2,505 shares during the period. Blue Trust Inc. lifted its holdings in shares of Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 3,396 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Douglas Emmett by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 1,175 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Trading Up 1.6 %

NYSE DEI traded up $0.31 during mid-day trading on Friday, hitting $19.52. The company's stock had a trading volume of 661,765 shares, compared to its average volume of 1,221,495. The firm has a market capitalization of $3.27 billion, a P/E ratio of -195.20 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. Douglas Emmett has a 52-week low of $12.35 and a 52-week high of $19.80. The stock's fifty day simple moving average is $18.49 and its two-hundred day simple moving average is $16.12.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The company had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. Research analysts expect that Douglas Emmett will post 1.7 EPS for the current year.

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.