Douglas Emmett (NYSE:DEI) Now Covered by Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Douglas Emmett (NYSE:DEI - Free Report) in a research report report published on Monday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $16.00 price objective on the real estate investment trust's stock.

Several other brokerages also recently weighed in on DEI. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. StockNews.com downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Wedbush upgraded shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Finally, Piper Sandler raised shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price target for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.50.

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Douglas Emmett Trading Down 1.7 %

DEI stock traded down $0.28 during mid-day trading on Monday, hitting $15.97. 3,242,689 shares of the company were exchanged, compared to its average volume of 1,563,142. Douglas Emmett has a 12-month low of $12.50 and a 12-month high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The business has a fifty day simple moving average of $16.96 and a 200-day simple moving average of $17.74. The firm has a market capitalization of $2.67 billion, a P/E ratio of 122.82 and a beta of 1.13.

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 the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. On average, equities research analysts predict that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Monday, March 31st. Douglas Emmett's dividend payout ratio is currently 584.62%.

Institutional Investors Weigh In On Douglas Emmett

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its position in Douglas Emmett by 203.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Douglas Emmett during the 4th quarter valued at $56,000. Smartleaf Asset Management LLC increased its stake in shares of Douglas Emmett by 222.4% in the 4th 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 during the last quarter. GAMMA Investing LLC lifted its stake in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 750 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of 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 valued at $93,000 after buying an additional 1,172 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.