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.
Check Out Our Latest Report on Douglas Emmett
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
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Get Free ReportDouglas 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.
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