Douglas Emmett (NYSE:DEI) Cut to "Sell" at StockNews.com

Douglas Emmett (NYSE:DEI - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Thursday.

Several other research firms have also commented on DEI. Evercore ISI lifted their price target 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. Wedbush upgraded Douglas Emmett from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group increased their price target on Douglas Emmett from $17.00 to $18.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Finally, Piper Sandler raised shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 target price on the stock in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $18.75.

Douglas Emmett Price Performance

Shares of NYSE:DEI traded down $0.46 during midday trading on Thursday, hitting $17.19. The company had a trading volume of 1,903,417 shares, compared to its average volume of 2,075,366. Douglas Emmett has a twelve month low of $12.35 and a twelve month high of $20.50. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 132.20 and a beta of 1.11. The business's 50-day simple moving average is $18.30 and its 200-day simple moving average is $17.53. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. On average, research analysts predict that Douglas Emmett will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC acquired a new position in shares of Douglas Emmett in the 3rd quarter valued at $48,000. Blue Trust Inc. lifted its holdings in shares of Douglas Emmett by 1,081.5% during the third 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 period. GAMMA Investing LLC grew its position in Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 1,175 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in Douglas Emmett by 62.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust's stock valued at $68,000 after buying an additional 1,476 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Douglas Emmett by 222.4% during 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 during the last quarter. Hedge funds and other 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.