Douglas Emmett (NYSE:DEI) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Douglas Emmett (NYSE:DEI) from a neutral rating to an overweight rating in a research note issued to investors on Monday morning, Marketbeat reports. Piper Sandler currently has $20.00 price target on the real estate investment trust’s stock.

A number of other analysts have also commented on the stock. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Evercore ISI upped their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Finally, Jefferies Financial Group boosted their target price on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Six investment 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, Douglas Emmett currently has a consensus rating of “Hold” and an average target price of $18.75.

Douglas Emmett Stock Performance

Shares of DEI opened at $17.17 on Monday. The stock’s fifty day simple moving average is $18.72 and its 200-day simple moving average is $17.09. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $2.87 billion, a PE ratio of -171.70 and a beta of 1.11. Douglas Emmett has a 12-month low of $12.35 and a 12-month high of $20.50.

Douglas Emmett (NYSE:DEI) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (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 for the quarter, compared to analyst estimates of $242.75 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts predict that Douglas Emmett will post 1.7 earnings per share for the current year.

Douglas Emmett Announces Dividend

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

Institutional Trading of Douglas Emmett

Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Douglas Emmett by 4,395.5% during the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock worth $27,729,000 after buying an additional 1,543,099 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Douglas Emmett by 379.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust’s stock worth $19,071,000 after acquiring an additional 858,857 shares during the last quarter. FMR LLC grew its stake in shares of Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after acquiring an additional 384,371 shares in the last quarter. NFJ Investment Group LLC acquired a new stake in shares of Douglas Emmett in the third quarter valued at approximately $6,210,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Douglas Emmett by 8.1% in 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.

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.