Douglas Emmett (NYSE:DEI) Hits New 52-Week High – What’s Next?

Shares of Douglas Emmett, Inc. (NYSE:DEI) reached a new 52-week high during trading on Monday . The stock traded as high as $19.69 and last traded at $19.56, with a volume of 23827 shares. The stock had previously closed at $19.32.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DEI shares. Citigroup raised their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Piper Sandler boosted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 12th. JPMorgan Chase & Co. lifted their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Finally, Evercore ISI upped their price objective on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.43.

Douglas Emmett Stock Down 0.5 %

The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The stock has a 50 day simple moving average of $18.16 and a two-hundred day simple moving average of $15.83.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. During the same period in the previous year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts forecast that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

Douglas Emmett Announces Dividend

The company 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. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 3.91%. Douglas Emmett’s dividend payout ratio (DPR) is currently -760.00%.

Hedge Funds Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in Douglas Emmett during the 2nd quarter worth $32,000. Venturi Wealth Management LLC purchased a new position in shares of Douglas Emmett in the third quarter worth about $48,000. Blue Trust Inc. lifted its stake in Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 3,396 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Douglas Emmett by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its position in shares of Douglas Emmett by 62.0% in the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 1,476 shares in the last quarter. Hedge funds and other 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.