Douglas Emmett, Inc. (NYSE:DEI) Given Average Rating of "Hold" by Brokerages

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) has been given a consensus recommendation of "Hold" by the seven brokerages that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.29.

Several brokerages have recently weighed in on DEI. Scotiabank upped their price objective on Douglas Emmett from $14.00 to $16.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. Evercore ISI raised their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the company an "in-line" rating in a research report on Wednesday, August 28th. Wells Fargo & Company boosted their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. Citigroup raised their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. upped their price target on Douglas Emmett from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, September 9th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC acquired a new stake in Douglas Emmett during the 2nd quarter worth about $32,000. Blue Trust Inc. lifted its position in shares of Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 3,396 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Douglas Emmett by 44.6% during 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 during the period. Quarry LP grew its position in Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 2,505 shares in the last quarter. Finally, Aspire Private Capital LLC increased its stake in 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 valued at $127,000 after buying an additional 1,592 shares during the period. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Price Performance

DEI stock traded up $0.21 during trading on Friday, hitting $19.21. The company had a trading volume of 1,730,202 shares, compared to its average volume of 1,664,544. The business has a 50 day moving average of $16.62 and a 200 day moving average of $14.86. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of -61.97 and a beta of 1.11. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 1.47. Douglas Emmett has a fifty-two week low of $10.76 and a fifty-two week high of $19.27.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.37). Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The company had revenue of $245.80 million during the quarter, compared to analyst estimates of $246.62 million. During the same period in the prior year, the company posted $0.48 earnings per share. The company's revenue was down 3.0% on a year-over-year basis. As a group, research analysts predict that Douglas Emmett will post 1.67 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were issued a $0.19 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.96%. Douglas Emmett's payout ratio is currently -245.16%.

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.