Douglas Emmett, Inc. (NYSE:DEI) Receives Average Recommendation of “Hold” from Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $18.13.

Several brokerages have recently commented on DEI. Jefferies Financial Group assumed coverage on Douglas Emmett in a research note on Monday, March 17th. They issued a “hold” rating and a $16.00 target price for the company. Wells Fargo & Company cut their price target on Douglas Emmett from $20.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Piper Sandler cut their price target on Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. Finally, Wall Street Zen upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 12th.

Hedge Funds Weigh In On Douglas Emmett

A number of hedge funds and other institutional investors have recently modified their holdings of DEI. Barclays PLC boosted its stake in shares of Douglas Emmett by 3.8% in the 3rd quarter. Barclays PLC now owns 293,446 shares of the real estate investment trust’s stock worth $5,155,000 after buying an additional 10,653 shares during the last quarter. KBC Group NV boosted its stake in shares of Douglas Emmett by 41.1% in the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 2,018 shares during the last quarter. Swedbank AB boosted its stake in shares of Douglas Emmett by 17.9% in the 4th quarter. Swedbank AB now owns 53,352 shares of the real estate investment trust’s stock worth $990,000 after buying an additional 8,097 shares during the last quarter. abrdn plc boosted its stake in shares of Douglas Emmett by 33.6% in the 4th quarter. abrdn plc now owns 43,255 shares of the real estate investment trust’s stock worth $801,000 after buying an additional 10,889 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Douglas Emmett by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust’s stock worth $3,386,000 after buying an additional 860 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Performance

Shares of DEI opened at $14.74 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The stock has a 50-day moving average of $14.23 and a 200-day moving average of $16.49. The company has a market cap of $2.47 billion, a PE ratio of 113.38 and a beta of 1.22. Douglas Emmett has a one year low of $12.39 and a one year high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $251.54 million during the quarter, compared to the consensus estimate of $246.49 million. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. On average, equities research analysts predict that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.19 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.16%. Douglas Emmett’s payout ratio is presently 237.50%.

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.