Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Price Target at $18.50

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) has been given a consensus recommendation of "Hold" by the nine brokerages that are presently covering the company, MarketBeat.com reports. Five research 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 issued a report on the stock in the last year is $18.50.

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

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Hedge Funds Weigh In On Douglas Emmett

A number of large investors have recently modified their holdings of DEI. Tower Research Capital LLC TRC grew its position in Douglas Emmett by 203.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after buying an additional 1,964 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Douglas Emmett during the 4th quarter worth $56,000. Smartleaf Asset Management LLC boosted its position in shares of Douglas Emmett by 222.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock worth $79,000 after buying an additional 2,933 shares in the last quarter. GAMMA Investing LLC grew its stake in Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 750 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Douglas Emmett by 30.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock valued at $93,000 after acquiring an additional 1,172 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Stock Down 1.7 %

Shares of DEI stock traded down $0.28 during mid-day trading on Tuesday, hitting $15.97. The company's stock had a trading volume of 999,020 shares, compared to its average volume of 1,555,010. 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 $12.50 and a 52-week high of $20.50. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 122.59 and a beta of 1.13. The business has a 50-day moving average price of $16.96 and a 200 day moving average price of $17.74.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.76%. Douglas Emmett's dividend payout ratio is presently 584.62%.

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.