Douglas Emmett (NYSE:DEI) Upgraded at StockNews.com

StockNews.com upgraded shares of Douglas Emmett (NYSE:DEI) from a sell rating to a hold rating in a research note released on Monday.

A number of other equities analysts have also issued reports on DEI. Jefferies Financial Group initiated coverage on Douglas Emmett in a research report on Monday, March 17th. They issued a “hold” rating and a $16.00 target price on the stock. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Monday, January 13th. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.50.

Douglas Emmett Stock Down 2.4%

NYSE DEI opened at $14.46 on Monday. The stock has a market cap of $2.42 billion, a PE ratio of 111.24 and a beta of 1.21. Douglas Emmett has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The business has a 50 day moving average price of $14.80 and a two-hundred day moving average price of $16.95. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $251.54 million during the quarter, compared to analysts’ expectations of $246.49 million. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Douglas Emmett’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. As a group, sell-side analysts predict that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett’s dividend payout ratio is currently 237.50%.

Institutional Investors Weigh In On Douglas Emmett

Several institutional investors and hedge funds have recently made changes to their positions in DEI. Massachusetts Financial Services Co. MA grew its stake in Douglas Emmett by 1.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust’s stock worth $147,437,000 after buying an additional 125,727 shares during the last quarter. FMR LLC boosted its stake in Douglas Emmett by 59.6% during the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock valued at $144,662,000 after buying an additional 2,910,490 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Douglas Emmett by 13.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,195,729 shares of the real estate investment trust’s stock valued at $67,134,000 after buying an additional 492,997 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Douglas Emmett by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock valued at $70,764,000 after purchasing an additional 14,886 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock valued at $49,826,000 after purchasing an additional 1,520,348 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

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.