Shares of Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $18.03 and last traded at $18.02, with a volume of 560103 shares trading hands. The stock had previously closed at $17.64.
Wall Street Analysts Forecast Growth
DEI has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Evercore ISI increased their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 28th. Wells Fargo & Company increased their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 11th. Piper Sandler increased their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Finally, Scotiabank increased their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $16.29.
Read Our Latest Report on DEI
Douglas Emmett Stock Performance
The company's 50-day moving average price is $16.26 and its two-hundred day moving average price is $14.69. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11. The stock has a market cap of $3.02 billion, a PE ratio of -56.90 and a beta of 1.11.
Douglas Emmett (NYSE:DEI - Get Free Report) last released its earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.37). Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The business had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million. During the same period in the prior year, the business posted $0.48 EPS. Douglas Emmett's revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts forecast that Douglas Emmett, Inc. will post 1.67 EPS for the current year.
Douglas Emmett Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Monday, September 30th. Douglas Emmett's dividend payout ratio (DPR) is presently -245.16%.
Institutional Investors Weigh In On Douglas Emmett
Large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC bought a new stake in Douglas Emmett in the 2nd quarter worth $32,000. GAMMA Investing LLC lifted its position in shares of Douglas Emmett by 44.6% in the 3rd 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 during the period. Quarry LP purchased a new stake in shares of Douglas Emmett in the 4th quarter worth about $57,000. Aspire Private Capital LLC lifted its position in shares of Douglas Emmett by 20.0% in the 2nd quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust's stock worth $127,000 after purchasing an additional 1,592 shares during the period. Finally, Xponance Inc. purchased a new stake in shares of Douglas Emmett in the 2nd quarter worth about $137,000. Institutional investors own 97.37% of the company's stock.
About Douglas Emmett
(
Get Free Report)
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.
Further Reading
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