Douglas Emmett, Inc. (NYSE:DEI) Given Consensus Recommendation of “Hold” by Analysts

Douglas Emmett, Inc. (NYSE:DEI) has earned an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $16.29.

A number of analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Wells Fargo & Company lifted their price target on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Citigroup increased their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Piper Sandler lifted their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Evercore ISI increased their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DEI. Centersquare Investment Management LLC raised its position in Douglas Emmett by 20.8% in the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock valued at $59,817,000 after purchasing an additional 751,419 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Douglas Emmett by 20.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,037,437 shares of the real estate investment trust’s stock valued at $44,043,000 after buying an additional 525,831 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in Douglas Emmett during the 2nd quarter worth about $3,825,000. Vanguard Group Inc. increased its position in Douglas Emmett by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock valued at $379,716,000 after acquiring an additional 229,301 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Douglas Emmett in the second quarter worth about $2,573,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Trading Up 1.1 %

Shares of DEI stock opened at $19.21 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of -61.97 and a beta of 1.11. Douglas Emmett has a 1 year low of $10.76 and a 1 year high of $19.27. The firm’s fifty day simple moving average is $16.62 and its 200 day simple moving average is $14.85. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 1.47.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.37). Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, sell-side analysts predict that Douglas Emmett will post 1.67 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 3.96%. Douglas Emmett’s dividend payout ratio is -245.16%.

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.