Douglas Emmett (NYSE:DEI) Hits New 12-Month High – Should You Buy?

Douglas Emmett, Inc. (NYSE:DEI)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $19.69 and last traded at $19.56, with a volume of 23827 shares trading hands. The stock had previously closed at $19.32.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DEI shares. Piper Sandler raised their price objective on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. boosted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Evercore ISI increased their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Finally, Wells Fargo & Company lifted their price objective on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.43.

Douglas Emmett Stock Performance

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 price of $18.16 and a 200 day moving average price of $15.83.

Douglas Emmett (NYSE:DEI) last announced its earnings results 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). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. During the same period in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Monday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently -760.00%.

Institutional Trading of Douglas Emmett

Hedge funds have recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new stake in Douglas Emmett in the 2nd quarter valued at approximately $3,825,000. Swedbank AB purchased a new position in shares of Douglas Emmett in the 1st quarter valued at about $661,000. SG Americas Securities LLC grew its position in Douglas Emmett by 623.3% during the second quarter. SG Americas Securities LLC now owns 157,156 shares of the real estate investment trust’s stock worth $2,092,000 after buying an additional 135,428 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Douglas Emmett by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock valued at $1,219,000 after acquiring an additional 3,183 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Douglas Emmett by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock worth $33,212,000 after purchasing an additional 186,385 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

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.