Douglas Emmett (NYSE:DEI) Stock Rating Upgraded by Wedbush

Wedbush upgraded shares of Douglas Emmett (NYSE:DEI) from a neutral rating to an outperform rating in a report issued on Thursday morning, Marketbeat reports. Wedbush currently has $21.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $19.00.

Other equities analysts have also issued reports about the stock. Evercore ISI increased their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company raised their target price on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Finally, Citigroup boosted their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.25.

Douglas Emmett Trading Up 1.0 %

NYSE:DEI opened at $18.94 on Thursday. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -189.40 and a beta of 1.11. Douglas Emmett has a 52 week low of $12.35 and a 52 week high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The firm has a 50 day moving average of $18.88 and a 200 day moving average of $16.86.

Douglas Emmett (NYSE:DEI) last posted 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 return on equity of 0.43% and a negative net margin of 1.68%. 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 earned $0.45 EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Tuesday, December 31st. Douglas Emmett’s payout ratio is presently -760.00%.

Institutional Investors Weigh In On Douglas Emmett

Several hedge funds have recently bought and sold shares of DEI. GAMMA Investing LLC lifted its stake in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 750 shares during the period. Franklin Resources Inc. raised its position in shares of Douglas Emmett by 6.1% in the third quarter. Franklin Resources Inc. now owns 103,493 shares of the real estate investment trust’s stock worth $1,866,000 after acquiring an additional 5,965 shares during the period. Geode Capital Management LLC raised its position in shares of Douglas Emmett by 0.7% in the third 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 period. Barclays PLC boosted its stake in shares of Douglas Emmett by 3.8% during the 3rd quarter. Barclays PLC now owns 293,446 shares of the real estate investment trust’s stock worth $5,155,000 after acquiring an additional 10,653 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Douglas Emmett by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 243,939 shares of the real estate investment trust’s stock valued at $4,286,000 after purchasing an additional 1,794 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.