Douglas Emmett, Inc. (NYSE:DEI) Receives Consensus Rating of “Hold” from Analysts

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $18.75.

A number of brokerages have issued reports on DEI. Jefferies Financial Group boosted their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Evercore ISI increased their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Finally, Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $16.00 to $21.00 in a report on Thursday, November 14th.

Douglas Emmett Stock Up 0.8 %

Douglas Emmett stock opened at $17.23 on Monday. The company has a market capitalization of $2.88 billion, a PE ratio of -172.30 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. Douglas Emmett has a fifty-two week low of $12.35 and a fifty-two week high of $20.50. The firm has a 50 day moving average price of $18.54 and a 200 day moving average price of $17.32.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm 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 firm posted $0.45 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts expect that Douglas Emmett will post 1.7 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.41%. Douglas Emmett’s dividend payout ratio is currently -760.00%.

Institutional Investors Weigh In On Douglas Emmett

Several hedge funds and other institutional investors have recently made changes to their positions in DEI. Bamco Inc. NY increased its stake in 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 purchasing an additional 20,000 shares during the last quarter. FMR LLC grew its position 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 valued at $85,809,000 after buying an additional 384,371 shares during the last quarter. Geode Capital Management LLC raised its stake 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Douglas Emmett by 3.5% in the third 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 acquiring an additional 127,274 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Douglas Emmett by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock valued at $33,212,000 after acquiring an additional 186,385 shares in the last quarter. Institutional investors and hedge funds 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.