Douglas Emmett, Inc. (NYSE:DEI) Given Average Rating of “Hold” by Brokerages

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $18.75.

A number of research firms have weighed in on DEI. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, January 13th. Jefferies Financial Group increased their price target on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Evercore ISI boosted their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. Finally, Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $16.00 to $21.00 in a report on Thursday, November 14th.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock opened at $17.23 on Monday. The firm’s fifty day simple moving average is $18.54 and its 200-day simple moving average is $17.32. Douglas Emmett has a 12 month low of $12.35 and a 12 month high of $20.50. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of -172.30 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data 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 quarter in the prior year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts forecast that Douglas Emmett will post 1.7 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.41%. Douglas Emmett’s payout ratio is currently -760.00%.

Institutional Investors Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in Douglas Emmett by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock valued at $33,212,000 after purchasing an additional 186,385 shares in the last quarter. Sei Investments Co. grew its holdings in Douglas Emmett by 91.4% in the second quarter. Sei Investments Co. now owns 89,505 shares of the real estate investment trust’s stock valued at $1,191,000 after purchasing an additional 42,733 shares during the last quarter. Xponance Inc. purchased a new position in shares of Douglas Emmett in the second quarter valued at $137,000. Squarepoint Ops LLC raised its stake in shares of Douglas Emmett by 91.8% during the 2nd quarter. Squarepoint Ops LLC now owns 119,762 shares of the real estate investment trust’s stock worth $1,594,000 after buying an additional 57,306 shares during the last quarter. Finally, AXA S.A. boosted its position in shares of Douglas Emmett by 2.6% in the 2nd quarter. AXA S.A. now owns 410,523 shares of the real estate investment trust’s stock worth $5,464,000 after buying an additional 10,544 shares in the last quarter. 97.37% of the stock is currently 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.