Jefferies Financial Group Forecasts Strong Price Appreciation for Douglas Emmett (NYSE:DEI) Stock

Douglas Emmett (NYSE:DEI) had its price target hoisted by equities researchers at Jefferies Financial Group from $17.00 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective would indicate a potential downside of 3.49% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Scotiabank upgraded shares of 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 research note on Thursday, November 14th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $21.00 in a report on Thursday. Evercore ISI raised their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Citigroup lifted their price objective on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and a consensus target price of $18.25.

Douglas Emmett Price Performance

NYSE DEI traded up $0.09 during trading on Thursday, reaching $18.65. 201,676 shares of the company traded hands, compared to its average volume of 1,613,790. Douglas Emmett has a 1-year low of $12.35 and a 1-year high of $20.50. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -186.50 and a beta of 1.11. The stock’s 50 day moving average price is $18.87 and its two-hundred day moving average price is $16.81. 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 (NYSE:DEI) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate 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 company had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. During the same period in the prior year, the firm earned $0.45 EPS. Douglas Emmett’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, analysts anticipate that Douglas Emmett will post 1.7 EPS for the current year.

Hedge Funds Weigh In On Douglas Emmett

Several large investors have recently made changes to their positions in DEI. Franklin Resources Inc. raised its stake in shares of Douglas Emmett by 6.1% during the third quarter. Franklin Resources Inc. now owns 103,493 shares of the real estate investment trust’s stock worth $1,866,000 after buying an additional 5,965 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 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 valued at $73,312,000 after acquiring an additional 26,961 shares during the last quarter. Barclays PLC lifted its stake in shares of Douglas Emmett by 3.8% in the 3rd quarter. Barclays PLC now owns 293,446 shares of the real estate investment trust’s stock valued at $5,155,000 after purchasing an additional 10,653 shares during the period. Public Employees Retirement System of Ohio boosted its position 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 worth $4,286,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Douglas Emmett by 0.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust’s stock worth $3,714,000 after purchasing an additional 1,300 shares during 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.