Douglas Emmett (NYSE:DEI) Sets New 52-Week High at $42.56

Douglas Emmett, Inc. (NYSE:DEI)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $42.56 and last traded at $42.51, with a volume of 23265 shares. The stock had previously closed at $42.25.

A number of research firms have recently weighed in on DEI. Robert W. Baird set a $51.00 price objective on shares of Douglas Emmett and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Zacks Investment Research upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Douglas Emmett currently has an average rating of “Buy” and a consensus price target of $42.63.

The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 3.43 and a beta of 0.70. The stock’s 50 day moving average price is $41.41 and its two-hundred day moving average price is $40.82. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.07.



Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The firm had revenue of $230.50 million for the quarter, compared to analyst estimates of $226.45 million. Douglas Emmett had a net margin of 13.54% and a return on equity of 3.05%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, analysts predict that Douglas Emmett, Inc. will post 2.11 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan grew its position in Douglas Emmett by 1.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 29,900 shares of the real estate investment trust’s stock valued at $1,191,000 after buying an additional 470 shares during the period. Profund Advisors LLC grew its position in Douglas Emmett by 2.4% during the second quarter. Profund Advisors LLC now owns 24,023 shares of the real estate investment trust’s stock valued at $957,000 after buying an additional 567 shares during the period. Wells Fargo & Company MN grew its position in Douglas Emmett by 0.5% during the second quarter. Wells Fargo & Company MN now owns 147,138 shares of the real estate investment trust’s stock valued at $5,862,000 after buying an additional 747 shares during the period. NEXT Financial Group Inc grew its position in Douglas Emmett by 76.3% during the second quarter. NEXT Financial Group Inc now owns 1,733 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 750 shares during the period. Finally, Forsta AP Fonden grew its position in Douglas Emmett by 3.8% during the first quarter. Forsta AP Fonden now owns 21,900 shares of the real estate investment trust’s stock valued at $885,000 after buying an additional 800 shares during the period. Institutional investors own 92.43% of the company’s stock.

Douglas Emmett Company Profile (NYSE:DEI)

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.

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