Douglas Emmett, Inc. (NYSE:DEI) has received an average recommendation of “Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $41.00.
DEI has been the subject of several analyst reports. Wells Fargo & Co set a $37.00 target price on Douglas Emmett and gave the company a “positive” rating in a report on Wednesday, January 16th. Zacks Investment Research cut Douglas Emmett from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Barclays upgraded Douglas Emmett from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $37.00 to $39.00 in a report on Monday, February 4th. Finally, JMP Securities restated a “hold” rating on shares of Douglas Emmett in a report on Sunday, February 17th.
Shares of DEI opened at $41.23 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.12 and a quick ratio of 2.12. Douglas Emmett has a one year low of $32.32 and a one year high of $41.86. The company has a market cap of $7.02 billion, a P/E ratio of 20.41, a PEG ratio of 3.20 and a beta of 0.78.
Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $226.29 million during the quarter, compared to analysts’ expectations of $223.46 million. Douglas Emmett had a return on equity of 2.97% and a net margin of 13.58%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. As a group, equities analysts predict that Douglas Emmett will post 2.11 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Friday, March 29th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.52%. The ex-dividend date was Thursday, March 28th. Douglas Emmett’s payout ratio is currently 51.49%.
A number of large investors have recently modified their holdings of DEI. Vanguard Group Inc grew its holdings in shares of Douglas Emmett by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 23,659,581 shares of the real estate investment trust’s stock worth $892,439,000 after purchasing an additional 368,007 shares during the period. BlackRock Inc. grew its holdings in shares of Douglas Emmett by 0.9% during the 4th quarter. BlackRock Inc. now owns 19,797,756 shares of the real estate investment trust’s stock worth $675,699,000 after purchasing an additional 184,282 shares during the period. Cohen & Steers Inc. grew its holdings in shares of Douglas Emmett by 8.8% during the 4th quarter. Cohen & Steers Inc. now owns 5,081,270 shares of the real estate investment trust’s stock worth $173,424,000 after purchasing an additional 410,707 shares during the period. Boston Partners grew its holdings in shares of Douglas Emmett by 2.6% during the 4th quarter. Boston Partners now owns 4,863,493 shares of the real estate investment trust’s stock worth $165,991,000 after purchasing an additional 124,093 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Douglas Emmett by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,221,607 shares of the real estate investment trust’s stock worth $159,239,000 after purchasing an additional 569,703 shares during the period. Institutional investors own 93.23% 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.
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