Evercore ISI Boosts Douglas Emmett (NYSE:DEI) Price Target to $19.00

Douglas Emmett (NYSE:DEI - Get Free Report) had its price objective increased by stock analysts at Evercore ISI from $16.00 to $19.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price target indicates a potential downside of 1.14% from the stock's previous close.

A number of other research analysts also recently weighed in on the company. Citigroup increased 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. Scotiabank upped their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a "sector perform" rating in a research report on Monday, August 26th. JPMorgan Chase & Co. increased their target price on Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Piper Sandler increased their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Finally, Wells Fargo & Company raised their price objective on Douglas Emmett from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, September 11th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Douglas Emmett has an average rating of "Hold" and a consensus price target of $16.71.

Douglas Emmett Stock Performance

NYSE:DEI traded up $0.58 during trading hours on Thursday, hitting $19.22. 1,584,570 shares of the stock were exchanged, compared to its average volume of 1,657,464. The company's 50 day moving average is $17.40 and its two-hundred day moving average is $15.32. Douglas Emmett has a twelve month low of $10.76 and a twelve month high of $19.50. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 1.47.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly 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 company 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 0.42%. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. Analysts predict that Douglas Emmett will post 1.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its stake in Douglas Emmett by 8.5% in the third quarter. Natixis Advisors LLC now owns 56,088 shares of the real estate investment trust's stock valued at $985,000 after acquiring an additional 4,410 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of Douglas Emmett by 31.6% during the third quarter. Metis Global Partners LLC now owns 17,240 shares of the real estate investment trust's stock worth $303,000 after buying an additional 4,142 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Douglas Emmett by 4,395.5% during the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust's stock worth $27,729,000 after buying an additional 1,543,099 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Douglas Emmett during the third quarter worth $48,000. Finally, Van ECK Associates Corp grew its stake in shares of Douglas Emmett by 10.0% during the third quarter. Van ECK Associates Corp now owns 30,917 shares of the real estate investment trust's stock worth $568,000 after buying an additional 2,798 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

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.