Douglas Emmett, Inc. (NYSE:DEI) Receives $16.71 Consensus Price Target from Brokerages

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $17.43.

DEI has been the topic of several recent research reports. Citigroup raised their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Piper Sandler upped their price target on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $16.00 to $21.00 in a research note on Thursday. Wells Fargo & Company upped their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th.

Institutional Trading of Douglas Emmett

A number of institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC bought a new position in Douglas Emmett in the second quarter valued at approximately $32,000. Venturi Wealth Management LLC acquired a new stake in Douglas Emmett during the 3rd quarter valued at $48,000. Blue Trust Inc. lifted its stake in shares of Douglas Emmett by 1,081.5% during the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 3,396 shares during 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 acquiring an additional 1,175 shares during the period. Finally, Raleigh Capital Management Inc. grew its holdings in Douglas Emmett by 62.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 1,476 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Price Performance

Shares of DEI stock opened at $18.38 on Wednesday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -183.90 and a beta of 1.10. Douglas Emmett has a 12 month low of $11.08 and a 12 month high of $19.59. The company has a quick ratio of 5.11, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The stock has a 50-day moving average price of $17.74 and a 200 day moving average price of $15.52.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results 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 return on equity of 0.43% and a negative net margin of 1.68%. The business had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. During the same period last year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Research analysts expect that Douglas Emmett will post 1.7 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Monday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently -760.00%.

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.