Douglas Emmett (NYSE:DEI) Raised to "Sector Outperform" at Scotiabank

Scotiabank upgraded shares of Douglas Emmett (NYSE:DEI - Free Report) from a sector perform rating to a sector outperform rating in a research report sent to investors on Thursday, MarketBeat.com reports. Scotiabank currently has $21.00 target price on the real estate investment trust's stock, up from their previous target price of $16.00.

Several other brokerages have also weighed in on DEI. 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. Piper Sandler upped their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Wells Fargo & Company lifted their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. upped their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Finally, Evercore ISI lifted their target price 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. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $17.43.

Douglas Emmett Stock Performance

NYSE:DEI traded up $0.39 during trading hours on Thursday, reaching $18.48. The company had a trading volume of 2,407,273 shares, compared to its average volume of 1,659,129. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 5.11. Douglas Emmett has a 1-year low of $11.08 and a 1-year high of $19.59. The business's 50 day moving average price is $17.68 and its 200-day moving average price is $15.50. The firm has a market cap of $3.09 billion, a PE ratio of -184.00 and a beta of 1.10.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted 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 firm 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 business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Research analysts forecast that Douglas Emmett will post 1.7 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Monday, September 30th. Douglas Emmett's dividend payout ratio (DPR) is -760.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its position in Douglas Emmett by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust's stock worth $107,681,000 after purchasing an additional 165,425 shares during the last quarter. FMR LLC increased its holdings in shares of 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 buying an additional 384,371 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Douglas Emmett by 20.8% during the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust's stock valued at $59,817,000 after buying an additional 751,419 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Douglas Emmett by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust's stock worth $66,728,000 after acquiring an additional 127,274 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased 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.

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.