Douglas Emmett (NYSE:DEI – Get Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.03-$2.07 for the period. The company issued revenue guidance of -.
Douglas Emmett Stock Down 0.0 %
Shares of DEI stock traded down $0.01 during mid-day trading on Friday, hitting $22.04. The company’s stock had a trading volume of 739,267 shares, compared to its average volume of 1,225,123. Douglas Emmett has a 52-week low of $21.35 and a 52-week high of $36.97. The business has a 50-day moving average price of $23.50 and a 200 day moving average price of $28.51. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.99 and a current ratio of 3.04. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 44.98, a PEG ratio of 2.13 and a beta of 0.92.
Douglas Emmett (NYSE:DEI – Get Rating) last posted its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Douglas Emmett had a return on equity of 2.14% and a net margin of 9.78%. The firm had revenue of $247.00 million during the quarter, compared to analysts’ expectations of $245.29 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Research analysts predict that Douglas Emmett will post 2.05 EPS for the current fiscal year.
Douglas Emmett Dividend Announcement
Analysts Set New Price Targets
Several research analysts have recently weighed in on DEI shares. Raymond James decreased their price target on Douglas Emmett from $38.00 to $28.00 and set an outperform rating for the company in a research note on Thursday. Evercore ISI set a $33.00 price objective on Douglas Emmett in a research report on Monday, June 20th. Jefferies Financial Group reduced their price objective on Douglas Emmett from $31.00 to $24.00 and set a hold rating for the company in a research report on Thursday, June 30th. Wells Fargo & Company reduced their price objective on Douglas Emmett from $38.00 to $28.00 and set an overweight rating for the company in a research report on Friday, July 1st. Finally, Credit Suisse Group began coverage on Douglas Emmett in a research report on Wednesday, June 22nd. They set an outperform rating and a $27.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Douglas Emmett presently has a consensus rating of Moderate Buy and an average price target of $28.86.
Institutional Trading of Douglas Emmett
Several hedge funds have recently bought and sold shares of DEI. HighTower Advisors LLC bought a new position in shares of Douglas Emmett in the first quarter worth about $210,000. PNC Financial Services Group Inc. boosted its stake in shares of Douglas Emmett by 16.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,420 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 1,071 shares during the period. Natixis Advisors L.P. bought a new position in shares of Douglas Emmett in the first quarter worth about $371,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Douglas Emmett by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,314 shares of the real estate investment trust’s stock worth $2,149,000 after acquiring an additional 6,132 shares during the period. Finally, APG Asset Management N.V. bought a new position in shares of Douglas Emmett in the first quarter worth about $448,000. Institutional investors own 97.71% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Douglas Emmett (DEI)
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- BJ’s Wholesale Club Stock Has More Room to Grow
Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.