Douglas Emmett (NYSE:DEI) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Douglas Emmett (NYSE:DEI) from a neutral rating to an overweight rating in a research report released on Monday, MarketBeat.com reports. They currently have $20.00 price objective on the real estate investment trust’s stock.

A number of other research analysts have also commented on the stock. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. 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, Evercore ISI upped their target price on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.75.

Douglas Emmett Price Performance

Shares of NYSE:DEI opened at $17.17 on Monday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -171.70 and a beta of 1.11. The business has a 50 day moving average price of $18.72 and a 200 day moving average price of $17.09. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett has a twelve month low of $12.35 and a twelve month high of $20.50.

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

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.43%. Douglas Emmett’s payout ratio is presently -760.00%.

Institutional Investors Weigh In On Douglas Emmett

Several large investors have recently made changes to their positions in DEI. Massachusetts Financial Services Co. MA boosted its position in Douglas Emmett by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock valued at $107,681,000 after buying an additional 165,425 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Douglas Emmett by 0.3% in the third quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock valued at $112,263,000 after acquiring an additional 20,000 shares during the last quarter. FMR LLC boosted its holdings in shares of Douglas Emmett by 8.5% in the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after acquiring an additional 384,371 shares in the last quarter. Geode Capital Management LLC grew its position in Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after acquiring an additional 26,961 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Douglas Emmett by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock valued at $66,728,000 after purchasing an additional 127,274 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

About Douglas Emmett

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.