Douglas Emmett, Inc. (NYSE:DEI) Stock Has Consensus Target Price of $13.14

Douglas Emmett, Inc. (NYSE:DEI) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.14.

Several research analysts have recently commented on the company. Scotiabank reduced their target price on Douglas Emmett from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. JPMorgan Chase & Co. increased their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 9th. Piper Sandler dropped their price target on Douglas Emmett from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, October 12th. Weiss Ratings downgraded Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC acquired a new stake in Douglas Emmett in the 2nd quarter valued at about $38,000. Fulcrum Asset Management LLP raised its stake in shares of Douglas Emmett by 5,480.6% in the third quarter. Fulcrum Asset Management LLP now owns 3,460 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 3,398 shares during the last quarter. Nykredit A S bought a new position in shares of Douglas Emmett in the second quarter worth about $42,000. Farther Finance Advisors LLC lifted its position in shares of Douglas Emmett by 164.8% during the third quarter. Farther Finance Advisors LLC now owns 4,256 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,649 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Douglas Emmett during the second quarter worth approximately $64,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Trading Down 3.7%

Shares of Douglas Emmett stock opened at $9.99 on Friday. Douglas Emmett has a 12-month low of $9.04 and a 12-month high of $12.97. The stock has a market capitalization of $1.67 billion, a P/E ratio of 7.26 and a beta of 1.18. The company has a 50-day simple moving average of $10.15 and a 200 day simple moving average of $10.86. The company has a quick ratio of 2.60, a current ratio of 2.01 and a debt-to-equity ratio of 1.64.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.38). The firm had revenue of $260.86 million during the quarter, compared to analyst estimates of $256.76 million. Douglas Emmett had a negative net margin of 2.04% and a negative return on equity of 0.60%. Douglas Emmett’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. Research analysts expect that Douglas Emmett will post 1.41 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.19 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.6%. Douglas Emmett’s dividend payout ratio (DPR) is -584.62%.

Douglas Emmett Company Profile

Douglas Emmett, Inc. is a real estate investment trust (REIT) that owns, operates and acquires office and multifamily properties. Its portfolio is concentrated in established neighborhoods in Los Angeles and Honolulu, with properties serving businesses and residents in those markets. The company focuses on office buildings and apartment communities in areas including West Los Angeles and Honolulu. Its business includes managing and leasing its properties, as well as pursuing acquisitions and other opportunities to grow and maintain its portfolio.