Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Price Target at $17.83

Douglas Emmett, Inc. (NYSE:DEI) has earned an average recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $18.25.

Several analysts recently commented on DEI shares. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Citigroup upped their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Evercore ISI boosted their target price 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. Jefferies Financial Group lifted their price objective on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $16.00 to $21.00 in a report on Thursday, November 14th.

Douglas Emmett Price Performance

NYSE DEI opened at $18.31 on Thursday. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.50. The business’s fifty day moving average is $18.89 and its two-hundred day moving average is $16.94. The stock has a market capitalization of $3.07 billion, a P/E ratio of -183.10 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The firm had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, research analysts forecast that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.15%. Douglas Emmett’s dividend payout ratio is currently -760.00%.

Institutional Trading of Douglas Emmett

A number of institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new stake in shares of Douglas Emmett in the 2nd quarter valued at $32,000. Venturi Wealth Management LLC acquired a new position in shares of Douglas Emmett during the 3rd quarter worth about $48,000. Blue Trust Inc. grew its stake in Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,396 shares in the last quarter. GAMMA Investing LLC increased its holdings in 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 buying an additional 1,175 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in Douglas Emmett by 62.0% during the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,476 shares during the period. Institutional investors and hedge funds own 97.37% 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.