Janney Montgomery Scott Reaffirms "Neutral" Rating for Douglas Emmett (NYSE:DEI)

Douglas Emmett (NYSE:DEI - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities researchers at Janney Montgomery Scott in a note issued to investors on Wednesday, MarketBeat reports.

Several other equities analysts also recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. Wedbush raised Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price target for the company in a report on Monday. Evercore ISI upped their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Finally, Scotiabank raised Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $18.75.

Douglas Emmett Price Performance

DEI stock remained flat at $17.17 during mid-day trading on Wednesday. The company's stock had a trading volume of 2,255,929 shares, compared to its average volume of 2,114,603. Douglas Emmett has a 12-month low of $12.35 and a 12-month high of $20.50. The company has a market capitalization of $2.87 billion, a P/E ratio of -171.70 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. The stock's 50 day moving average is $18.75 and its 200 day moving average is $17.09.

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

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its stake in Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock worth $73,312,000 after acquiring an additional 26,961 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Douglas Emmett by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust's stock worth $1,219,000 after purchasing an additional 3,183 shares in the last quarter. Intech Investment Management LLC bought a new position in Douglas Emmett in the 3rd quarter valued at approximately $650,000. Charles Schwab Investment Management Inc. boosted its position in Douglas Emmett by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust's stock valued at $66,728,000 after buying an additional 127,274 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of Douglas Emmett by 43.0% during the third quarter. Citigroup Inc. now owns 227,814 shares of the real estate investment trust's stock worth $4,003,000 after buying an additional 68,507 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

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.