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

Douglas Emmett, Inc. (NYSE:DEI) has earned an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.88.

A number of equities analysts have issued reports on the company. Piper Sandler upped their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Citigroup upped their price objective on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Wells Fargo & Company lifted their target price 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. Scotiabank upped their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Finally, Evercore ISI boosted their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DEI. Vanguard Group Inc. increased its holdings in Douglas Emmett by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after purchasing an additional 229,301 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Douglas Emmett during the 2nd quarter valued at $3,825,000. GSA Capital Partners LLP lifted its position in shares of Douglas Emmett by 356.7% during the 1st quarter. GSA Capital Partners LLP now owns 116,902 shares of the real estate investment trust’s stock valued at $1,621,000 after acquiring an additional 91,305 shares during the period. Centersquare Investment Management LLC boosted its stake in Douglas Emmett by 20.8% during the first quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after acquiring an additional 751,419 shares in the last quarter. Finally, Norges Bank acquired a new stake in Douglas Emmett in the fourth quarter worth $26,467,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

Douglas Emmett stock opened at $17.53 on Tuesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 1.47. The stock has a market cap of $2.93 billion, a PE ratio of -56.55 and a beta of 1.10. Douglas Emmett has a 12-month low of $10.76 and a 12-month high of $17.75. The business’s 50-day moving average price is $15.84 and its two-hundred day moving average price is $14.39.

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

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.34%. Douglas Emmett’s payout ratio is currently -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.