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

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) has been given a consensus rating of "Hold" by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $16.71.

A number of brokerages have weighed in on DEI. Scotiabank upped their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. Citigroup raised their price objective on Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. Piper Sandler boosted their price objective on Douglas Emmett from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Finally, Wells Fargo & Company increased their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th.

Douglas Emmett Stock Performance

Shares of DEI stock traded down $0.08 on Wednesday, hitting $18.08. The company had a trading volume of 1,689,902 shares, compared to its average volume of 1,655,728. Douglas Emmett has a twelve month low of $11.08 and a twelve month high of $19.59. The company has a quick ratio of 5.11, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The firm has a market cap of $3.03 billion, a P/E ratio of -180.90 and a beta of 1.10. The company has a 50-day moving average price of $17.64 and a 200-day moving average price of $15.49.

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 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.38). The company had revenue of $250.75 million during the quarter, compared to analysts' expectations of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. As a group, equities research analysts predict that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 4.20%. Douglas Emmett's dividend payout ratio is presently -760.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Inspire Investing LLC boosted its holdings in Douglas Emmett by 3.4% in the 2nd quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust's stock valued at $353,000 after purchasing an additional 883 shares during the last quarter. Arizona State Retirement System increased its stake in Douglas Emmett by 2.2% during the second quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust's stock worth $624,000 after acquiring an additional 1,027 shares during the last quarter. GAMMA Investing LLC raised its position in Douglas Emmett by 44.6% in the third 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. AQR Capital Management LLC lifted its stake in shares of Douglas Emmett by 3.9% in the 2nd quarter. AQR Capital Management LLC now owns 36,432 shares of the real estate investment trust's stock valued at $479,000 after purchasing an additional 1,377 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Douglas Emmett by 62.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 1,476 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

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.