Douglas Emmett (NYSE:DEI) had its price target lowered by Robert W. Baird from $51.00 to $50.00 in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. The firm currently has an outperform rating on the real estate investment trust’s stock.
Other equities analysts have also recently issued reports about the company. ValuEngine upgraded Douglas Emmett from a sell rating to a hold rating in a research note on Friday, November 1st. Mizuho started coverage on Douglas Emmett in a research note on Monday, February 3rd. They set a neutral rating and a $45.00 price objective on the stock. Zacks Investment Research cut Douglas Emmett from a buy rating to a hold rating in a research note on Friday, January 10th. Barclays reduced their price objective on Douglas Emmett from $47.00 to $44.00 and set an equal weight rating on the stock in a research note on Tuesday, January 14th. Finally, BMO Capital Markets restated a hold rating and set a $41.00 price objective on shares of Douglas Emmett in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Douglas Emmett presently has an average rating of Hold and a consensus price target of $45.80.
DEI traded up $0.90 during trading hours on Thursday, hitting $45.32. 1,362,286 shares of the stock were exchanged, compared to its average volume of 1,376,472. The stock has a 50-day simple moving average of $42.67 and a 200-day simple moving average of $42.59. Douglas Emmett has a 12 month low of $38.13 and a 12 month high of $45.38. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 69.72, a price-to-earnings-growth ratio of 3.04 and a beta of 0.67. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.38 and a quick ratio of 2.38.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.28 per share. The ex-dividend date was Monday, December 30th. This is a boost from Douglas Emmett’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 2.47%. Douglas Emmett’s dividend payout ratio (DPR) is 55.45%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. increased its position in Douglas Emmett by 133.3% in the third quarter. Point72 Asset Management L.P. now owns 700 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 400 shares during the period. Van ECK Associates Corp acquired a new stake in Douglas Emmett in the fourth quarter worth $43,000. Parallel Advisors LLC increased its position in Douglas Emmett by 193.1% in the third quarter. Parallel Advisors LLC now owns 1,196 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 788 shares during the period. Simplex Trading LLC increased its position in Douglas Emmett by 645.1% in the fourth quarter. Simplex Trading LLC now owns 1,766 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 1,529 shares during the period. Finally, Pensionfund Sabic acquired a new stake in Douglas Emmett in the fourth quarter worth $176,000. 92.95% of the stock is currently owned by hedge funds and other institutional investors.
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.
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