Evercore ISI Boosts Douglas Emmett (NYSE:DEI) Price Target to $19.00

Douglas Emmett (NYSE:DEI) had its target price boosted by Evercore ISI from $16.00 to $19.00 in a report published on Thursday morning,Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on DEI. Scotiabank increased their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Piper Sandler raised their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Wells Fargo & Company upped their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. raised their target price on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Citigroup upped their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.71.

Douglas Emmett Stock Performance

NYSE:DEI opened at $19.28 on Thursday. The company has a market capitalization of $3.23 billion, a PE ratio of -192.80 and a beta of 1.10. The company has a 50 day simple moving average of $17.53 and a two-hundred day simple moving average of $15.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 5.11 and a current ratio of 4.09. Douglas Emmett has a fifty-two week low of $10.76 and a fifty-two week high of $19.50.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. During the same period last year, the business posted $0.45 earnings per share. The business’s revenue was down 1.8% on a year-over-year basis. Research analysts anticipate that Douglas Emmett will post 1.69 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.94%. The ex-dividend date was Monday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently -760.00%.

Institutional Trading of Douglas Emmett

Several institutional investors have recently made changes to their positions in DEI. Wolverine Asset Management LLC purchased a new position in Douglas Emmett during the second quarter worth about $32,000. Venturi Wealth Management LLC bought a new position in shares of Douglas Emmett during the 3rd quarter worth approximately $48,000. Quarry LP boosted its stake in shares of Douglas Emmett by 155.0% in the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,505 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of 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 acquiring an additional 3,396 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,175 shares in the last quarter. Institutional investors 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.