Douglas Emmett (NYSE:DEI) Stock Rating Upgraded by Piper Sandler

Douglas Emmett (NYSE:DEI - Get Free Report) was upgraded by stock analysts at Piper Sandler from a "neutral" rating to an "overweight" rating in a report issued on Monday, Marketbeat.com reports. The firm presently has a $20.00 price target on the real estate investment trust's stock. Piper Sandler's price objective would indicate a potential upside of 23.46% from the company's previous close.

A number of other brokerages also recently commented on DEI. Scotiabank raised Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Wedbush raised shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Jefferies Financial Group raised their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a "hold" rating in a research report on Thursday, January 2nd. Finally, Evercore ISI upped their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $18.75.

Douglas Emmett Price Performance

Shares of DEI traded up $0.04 during trading hours on Monday, reaching $16.20. 598,213 shares of the company traded hands, compared to its average volume of 1,779,167. The stock has a fifty day simple moving average of $18.80 and a 200 day simple moving average of $17.04. Douglas Emmett has a fifty-two week low of $12.35 and a fifty-two week high of $20.50. The stock has a market capitalization of $2.71 billion, a PE ratio of -162.00 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The firm had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. During the same period in the prior year, the firm earned $0.45 EPS. The business's quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts predict that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock valued at $73,312,000 after buying an additional 26,961 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Douglas Emmett by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust's stock worth $1,219,000 after acquiring an additional 3,183 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Douglas Emmett during the third quarter valued at approximately $650,000. Charles Schwab Investment Management Inc. lifted its position in shares of Douglas Emmett by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust's stock worth $66,728,000 after purchasing an additional 127,274 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Douglas Emmett by 43.0% during the third quarter. Citigroup Inc. now owns 227,814 shares of the real estate investment trust's stock worth $4,003,000 after purchasing an additional 68,507 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.