Douglas Emmett, Inc. (NYSE:DEI) Receives $15.88 Average PT from Analysts

Shares of Douglas Emmett, Inc. (NYSE:DEI) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $15.88.

A number of equities analysts have recently issued reports on DEI shares. JPMorgan Chase & Co. raised their price objective on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Evercore ISI raised their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Wells Fargo & Company boosted their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Piper Sandler increased their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Citigroup boosted their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th.

Institutional Trading of Douglas Emmett

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Douglas Emmett in the fourth quarter worth approximately $26,467,000. Centersquare Investment Management LLC lifted its holdings in shares of Douglas Emmett by 20.8% in the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after purchasing an additional 751,419 shares in the last quarter. First Pacific Advisors LP grew its position in Douglas Emmett by 10.5% in the 4th quarter. First Pacific Advisors LP now owns 5,546,488 shares of the real estate investment trust’s stock valued at $80,424,000 after purchasing an additional 527,036 shares during the period. Goldman Sachs Group Inc. increased its stake in Douglas Emmett by 20.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,037,437 shares of the real estate investment trust’s stock valued at $44,043,000 after purchasing an additional 525,831 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in Douglas Emmett during the second quarter worth $3,825,000. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Trading Up 0.3 %

DEI opened at $17.58 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11. Douglas Emmett has a fifty-two week low of $10.76 and a fifty-two week high of $17.75. The company’s 50 day moving average price is $15.84 and its two-hundred day moving average price is $14.40. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -56.69 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.37). The business had revenue of $245.80 million during the quarter, compared to the consensus estimate of $246.62 million. Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. As a group, research analysts predict that Douglas Emmett will post 1.67 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Monday, September 30th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Monday, September 30th. Douglas Emmett’s dividend payout ratio is presently -245.16%.

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.