Douglas Emmett (NYSE:DEI) Sets New 1-Year High - What's Next?

Shares of Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $20.45 and last traded at $20.45, with a volume of 3059 shares changing hands. The stock had previously closed at $19.97.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DEI. JPMorgan Chase & Co. upped their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Scotiabank upgraded Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Citigroup lifted their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Wells Fargo & Company upped their price objective on Douglas Emmett from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 11th. Finally, Evercore ISI lifted their target price on Douglas Emmett from $16.00 to $19.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Douglas Emmett currently has a consensus rating of "Hold" and a consensus price target of $17.43.

Douglas Emmett Stock Performance

The company has a fifty day moving average price of $18.70 and a two-hundred day moving average price of $16.34. 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 company has a market capitalization of $3.40 billion, a P/E ratio of -202.30 and a beta of 1.11.

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

Institutional Investors Weigh In On Douglas Emmett

Institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC lifted its holdings in Douglas Emmett by 3.4% in the second quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust's stock valued at $353,000 after buying an additional 883 shares during the period. Arizona State Retirement System raised its position in shares of Douglas Emmett by 2.2% in the 2nd 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 in the last quarter. HighTower Advisors LLC lifted its stake in shares of Douglas Emmett by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 13,335 shares of the real estate investment trust's stock valued at $234,000 after purchasing an additional 1,171 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in Douglas Emmett by 0.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust's stock worth $3,714,000 after purchasing an additional 1,300 shares during the period. Institutional investors 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.