Douglas Emmett (NYSE:DEI) Reaches New 52-Week Low - Here's Why

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $12.50 and last traded at $12.54, with a volume of 403896 shares traded. The stock had previously closed at $13.09.

Wall Street Analyst Weigh In

A number of brokerages have commented on DEI. StockNews.com lowered Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Jefferies Financial Group initiated coverage on Douglas Emmett in a report on Monday, March 17th. They set a "hold" rating and a $16.00 price target for the company. Wedbush raised Douglas Emmett from a "neutral" rating to an "outperform" rating and increased their price target for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a 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 price target on the stock in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Douglas Emmett has a consensus rating of "Hold" and an average price target of $18.50.

Douglas Emmett Trading Up 1.9 %

The firm has a 50 day moving average of $16.07 and a 200 day moving average of $17.56. The firm has a market cap of $2.29 billion, a PE ratio of 105.01 and a beta of 1.09. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50.

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 return on equity of 0.63% and a net margin of 2.38%. Equities analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 5.57%. Douglas Emmett's dividend payout ratio is currently 584.62%.

Hedge Funds Weigh In On Douglas Emmett

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in shares of Douglas Emmett by 203.9% in 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 purchasing an additional 1,964 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of Douglas Emmett during the fourth quarter worth about $56,000. Smartleaf Asset Management LLC raised its stake in Douglas Emmett by 222.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock valued at $79,000 after purchasing an additional 2,933 shares in the last quarter. GAMMA Investing LLC lifted its position in Douglas Emmett by 19.7% during the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 750 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in Douglas Emmett by 30.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock worth $93,000 after buying an additional 1,172 shares in 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.