Douglas Emmett, Inc. (NYSE:DEI) Receives Consensus Rating of “Hold” from Analysts

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been given an average rating of “Hold” by the nine brokerages that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.75.

A number of brokerages recently issued reports on DEI. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, January 13th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Jefferies Financial Group upped their price objective 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. Finally, Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $16.00 to $21.00 in a report on Thursday, November 14th.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $16.80 on Friday. Douglas Emmett has a 52-week low of $12.50 and a 52-week high of $20.50. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 129.26 and a beta of 1.11. The company has a fifty day simple moving average of $17.54 and a 200-day simple moving average of $17.64. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. On average, equities analysts anticipate that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.52%. Douglas Emmett’s payout ratio is currently 584.62%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC acquired a new stake in shares of Douglas Emmett during the third quarter worth about $48,000. Tower Research Capital LLC TRC lifted its position in shares of Douglas Emmett by 203.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Douglas Emmett during the fourth quarter worth about $56,000. Blue Trust Inc. lifted its position in shares of Douglas Emmett by 1,081.5% during the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 3,396 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of Douglas Emmett by 62.0% during the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,476 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

About Douglas Emmett

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.