Jefferies Financial Group Issues Positive Forecast for Douglas Emmett (NYSE:DEI) Stock Price

Douglas Emmett (NYSE:DEI - Get Free Report) had its target price boosted by stock analysts at Jefferies Financial Group from $17.00 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the real estate investment trust's stock. Jefferies Financial Group's price objective points to a potential downside of 4.00% from the company's current price.

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

Douglas Emmett Stock Up 1.0 %

DEI traded up $0.19 on Thursday, hitting $18.75. The company had a trading volume of 914,006 shares, compared to its average volume of 1,613,790. The stock has a fifty day simple moving average of $18.87 and a 200-day simple moving average of $16.82. 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 firm has a market capitalization of $3.14 billion, a P/E ratio of -187.50 and a beta of 1.11. Douglas Emmett has a 52-week low of $12.35 and a 52-week high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.38). The business had revenue of $250.75 million for the quarter, compared to analysts' expectations 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 revenue was down 1.8% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. As a group, equities analysts expect that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC bought a new stake in shares of Douglas Emmett during the second quarter worth $32,000. Venturi Wealth Management LLC bought a new position in Douglas Emmett in the third quarter worth approximately $48,000. Quarry LP boosted its position in Douglas Emmett by 155.0% during the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 2,505 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust's stock valued at $65,000 after acquiring an additional 3,396 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 1,175 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

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.