Douglas Emmett’s (DEI) Neutral Rating Reaffirmed at Janney Montgomery Scott

Douglas Emmett (NYSE:DEI)‘s stock had its “neutral” rating reiterated by equities researchers at Janney Montgomery Scott in a report released on Wednesday,Benzinga reports.

A number of other research analysts have also recently issued reports on the company. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Monday. Jefferies Financial Group raised their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. 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 report on Thursday, November 7th. Finally, Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.75.

Douglas Emmett Price Performance

NYSE:DEI opened at $17.20 on Wednesday. The firm has a market cap of $2.88 billion, a PE ratio of -172.00 and a beta of 1.11. The company’s 50-day moving average price is $18.75 and its two-hundred day moving average price is $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 12 month low of $12.35 and a 12 month high of $20.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $242.75 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. On average, equities analysts anticipate that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Douglas Emmett

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC bought a new stake in shares of Douglas Emmett in the 3rd quarter valued at about $48,000. Quarry LP grew its holdings in Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 2,505 shares during the period. Blue Trust Inc. increased its stake in 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 purchasing an additional 3,396 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Douglas Emmett by 44.6% during the third 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 in the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Douglas Emmett by 62.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 1,476 shares during the period. 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.