Jefferies Financial Group Increases Douglas Emmett (NYSE:DEI) Price Target to $18.00

Douglas Emmett (NYSE:DEI) had its price objective lifted by investment analysts at Jefferies Financial Group from $17.00 to $18.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective points to a potential downside of 3.49% from the stock’s previous close.

DEI has been the topic of several other research reports. Citigroup lifted their price objective on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price target for the company from $19.00 to $21.00 in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Evercore ISI upped their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and a consensus price target of $18.25.

Douglas Emmett Trading Up 0.5 %

NYSE:DEI traded up $0.09 during trading hours on Thursday, hitting $18.65. The stock had a trading volume of 201,676 shares, compared to its average volume of 1,613,790. The business’s 50 day moving average is $18.87 and its 200-day moving average is $16.81. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -186.50 and a beta of 1.11. Douglas Emmett has a one year low of $12.35 and a one year high of $20.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data 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). The firm had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. Douglas Emmett’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. Sell-side analysts anticipate that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Institutional Trading of Douglas Emmett

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in 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 worth $27,729,000 after buying an additional 1,543,099 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 acquiring an additional 858,857 shares during the period. FMR LLC increased its stake 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 worth $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 in the 3rd quarter valued at about $6,210,000. 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 valued at $33,212,000 after purchasing an additional 186,385 shares during the period. 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.