Douglas Emmett, Inc. (NYSE:DEI) Receives $17.83 Consensus Price Target from Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has received a consensus rating of “Hold” from the eight analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $18.25.

A number of analysts have recently weighed in on DEI shares. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Evercore ISI upped their target price on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Jefferies Financial Group lifted their price target on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company lifted their target price on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th.

Institutional Trading of Douglas Emmett

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake 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 valued at $73,312,000 after buying an additional 26,961 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Douglas Emmett by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock valued at $1,219,000 after purchasing an additional 3,183 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Douglas Emmett in the third quarter valued at approximately $650,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Douglas Emmett by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after buying an additional 127,274 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Douglas Emmett by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock worth $33,212,000 after purchasing an additional 186,385 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Trading Down 3.3 %

Shares of DEI stock opened at $18.31 on Thursday. The stock has a market cap of $3.07 billion, a P/E ratio of -183.10 and a beta of 1.11. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.50. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The stock has a 50 day simple moving average of $18.89 and a 200 day simple moving average of $16.94.

Douglas Emmett (NYSE:DEI) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. During the same period last year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, research analysts predict that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.19 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.15%. Douglas Emmett’s dividend payout ratio is presently -760.00%.

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.