Douglas Emmett (NYSE:DEI) Sets New 1-Year Low – What’s Next?

Shares of Douglas Emmett, Inc. (NYSE:DEI) hit a new 52-week low on Wednesday . The company traded as low as $12.50 and last traded at $12.54, with a volume of 403896 shares. The stock had previously closed at $13.09.

Wall Street Analyst Weigh In

DEI has been the topic of several recent analyst reports. StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Jefferies Financial Group started coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They set a “hold” rating and a $16.00 target price on the stock. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Finally, Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.50.

Douglas Emmett Trading Up 0.9 %

The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $2.24 billion, a P/E ratio of 103.08 and a beta of 1.09. The firm’s 50-day moving average price is $16.16 and its 200 day moving average price is $17.58.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping 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%. As a group, equities research analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.67%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Hedge Funds Weigh In On Douglas Emmett

Several hedge funds have recently modified their holdings of DEI. GAMMA Investing LLC increased its position in shares of Douglas Emmett by 1,508.8% during the first quarter. GAMMA Investing LLC now owns 73,376 shares of the real estate investment trust’s stock valued at $1,174,000 after acquiring an additional 68,815 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Douglas Emmett during the 4th quarter valued at $305,000. GF Fund Management CO. LTD. bought a new stake in shares of Douglas Emmett during the 4th quarter worth $56,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Douglas Emmett by 2.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,111,859 shares of the real estate investment trust’s stock worth $20,636,000 after buying an additional 26,432 shares during the last quarter. Finally, Wexford Capital LP bought a new position in Douglas Emmett during the fourth quarter valued at about $438,000. Institutional investors own 97.37% of the company’s stock.

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.