Douglas Emmett (NYSE:DEI) Earns Hold Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Douglas Emmett (NYSE:DEI) in a research note published on Monday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $16.00 price target on the real estate investment trust’s stock.

A number of other research firms have also commented on DEI. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Monday, January 13th. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Douglas Emmett Stock Up 0.9 %

Douglas Emmett stock opened at $16.07 on Monday. The stock has a 50-day simple moving average of $16.97 and a 200-day simple moving average of $17.75. The company has a market capitalization of $2.69 billion, a P/E ratio of 123.63 and a beta of 1.13. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. Douglas Emmett has a fifty-two week low of $12.50 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Equities research analysts expect that Douglas Emmett will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s payout ratio is 584.62%.

Institutional Trading of Douglas Emmett

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in Douglas Emmett by 203.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Douglas Emmett in the 4th quarter valued at about $56,000. Smartleaf Asset Management LLC increased its holdings in shares of Douglas Emmett by 222.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 2,933 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 750 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in Douglas Emmett by 30.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 1,172 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

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.