Douglas Emmett (NYSE:DEI) Upgraded to "Outperform" at Wedbush

Wedbush upgraded shares of Douglas Emmett (NYSE:DEI - Free Report) from a neutral rating to an outperform rating in a research note published on Thursday, MarketBeat.com reports. Wedbush currently has $21.00 price target on the real estate investment trust's stock, up from their prior price target of $19.00.

Several other equities research analysts have also commented on DEI. Evercore ISI upped their price objective on Douglas Emmett from $16.00 to $19.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Scotiabank upgraded shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Wells Fargo & Company lifted their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. raised their target price on Douglas Emmett from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, September 9th. Finally, 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $18.25.

Douglas Emmett Stock Up 1.0 %

Douglas Emmett stock traded up $0.19 during trading hours on Thursday, reaching $18.75. The stock had a trading volume of 914,006 shares, compared to its average volume of 1,613,790. Douglas Emmett has a 52 week low of $12.35 and a 52 week high of $20.50. The company has a market cap of $3.14 billion, a price-to-earnings ratio of -187.50 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 business's 50 day moving average price is $18.87 and its 200-day moving average price is $16.82.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its 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 for 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 quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. Sell-side analysts anticipate that Douglas Emmett will post 1.7 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.05%. Douglas Emmett's dividend payout ratio is currently -760.00%.

Hedge Funds Weigh In On Douglas Emmett

Several large investors have recently made changes to their positions in DEI. Victory Capital Management Inc. boosted its stake in shares of Douglas Emmett by 4,395.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust's stock valued at $27,729,000 after buying an additional 1,543,099 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Douglas Emmett by 379.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust's stock worth $19,071,000 after acquiring an additional 858,857 shares in the last quarter. FMR LLC grew its holdings in Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust's stock worth $85,809,000 after acquiring an additional 384,371 shares in the last quarter. NFJ Investment Group LLC acquired a new stake in shares of Douglas Emmett in the 3rd quarter valued at $6,210,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Douglas Emmett by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust's stock worth $33,212,000 after purchasing an additional 186,385 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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.