Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Price Target at $17.43

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.43.

DEI has been the subject of a number of research analyst reports. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Citigroup lifted their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Evercore ISI upped their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company raised their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $19.97 on Friday. The firm has a 50 day moving average of $18.70 and a 200-day moving average of $16.32. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -199.70 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett has a 52 week low of $12.35 and a 52 week high of $20.27.

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

Institutional Trading of Douglas Emmett

Several institutional investors and hedge funds have recently made changes to their positions in DEI. Victory Capital Management Inc. increased its position in shares of Douglas Emmett by 4,395.5% during the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock valued at $27,729,000 after acquiring an additional 1,543,099 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Douglas Emmett by 379.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust’s stock valued at $19,071,000 after purchasing an additional 858,857 shares during the period. FMR LLC increased its position in shares of Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock valued at $85,809,000 after purchasing an additional 384,371 shares during the last quarter. NFJ Investment Group LLC bought a new stake in shares of Douglas Emmett during the 3rd quarter worth $6,210,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Douglas Emmett in the 2nd quarter worth about $2,573,000. 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.