Douglas Emmett (NYSE:DEI) Receives Neutral Rating from Janney Montgomery Scott

Janney Montgomery Scott reiterated their neutral rating on shares of Douglas Emmett (NYSE:DEI) in a report released on Wednesday, Marketbeat Ratings reports.

Several other research firms have also weighed in on DEI. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Monday. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group boosted their price objective on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Evercore ISI increased their target price on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.75.

Douglas Emmett Stock Performance

Shares of DEI opened at $17.17 on Wednesday. Douglas Emmett has a 52 week low of $12.35 and a 52 week high of $20.50. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The stock has a 50 day moving average of $18.72 and a 200-day moving average of $17.09.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. During the same quarter last year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, sell-side analysts expect that Douglas Emmett will post 1.7 EPS for the current year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.43%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett’s payout ratio is currently -760.00%.

Institutional Trading of Douglas Emmett

A number of hedge funds and other institutional investors have recently made changes to their positions in DEI. Nordea Investment Management AB increased its stake in shares of Douglas Emmett by 4.0% during the fourth quarter. Nordea Investment Management AB now owns 663,262 shares of the real estate investment trust’s stock valued at $12,317,000 after acquiring an additional 25,737 shares during the period. GAMMA Investing LLC increased its position in shares of Douglas Emmett by 19.7% during the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 750 shares during the period. Franklin Resources Inc. raised its stake in shares of Douglas Emmett by 6.1% in the 3rd quarter. Franklin Resources Inc. now owns 103,493 shares of the real estate investment trust’s stock worth $1,866,000 after buying an additional 5,965 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after buying an additional 26,961 shares during the period. Finally, Barclays PLC boosted its stake in Douglas Emmett by 3.8% during the third quarter. Barclays PLC now owns 293,446 shares of the real estate investment trust’s stock valued at $5,155,000 after buying an additional 10,653 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

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.