Douglas Emmett (NYSE:DEI) Price Target Increased to $17.00 by Analysts at Wells Fargo & Company

Douglas Emmett (NYSE:DEI) had its price target upped by Wells Fargo & Company from $15.00 to $17.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their price objective on Douglas Emmett from $15.00 to $18.00 and gave the company a neutral rating in a research report on Monday, September 9th. StockNews.com raised Douglas Emmett from a sell rating to a hold rating in a research note on Monday, May 20th. Piper Sandler upped their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock a neutral rating in a research report on Monday, August 12th. Scotiabank boosted their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a sector perform rating in a research report on Monday, August 26th. Finally, Evercore ISI raised their price objective on Douglas Emmett from $15.00 to $16.00 and gave the company an in-line rating in a report on Wednesday, August 28th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $15.88.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $16.80 on Wednesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 1.47. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -54.19 and a beta of 1.10. The business’s 50-day simple moving average is $15.25 and its 200 day simple moving average is $14.13. Douglas Emmett has a 12-month low of $10.76 and a 12-month high of $16.81.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). The firm had revenue of $245.80 million during the quarter, compared to analyst estimates of $246.62 million. Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. As a group, research analysts anticipate that Douglas Emmett will post 1.67 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be issued a $0.19 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 4.52%. Douglas Emmett’s dividend payout ratio is currently -245.16%.

Institutional Trading of Douglas Emmett

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its holdings in Douglas Emmett by 13.3% during the 4th quarter. Victory Capital Management Inc. now owns 34,574 shares of the real estate investment trust’s stock worth $501,000 after purchasing an additional 4,049 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Douglas Emmett by 16.9% in the fourth quarter. Natixis Advisors L.P. now owns 25,323 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 3,658 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Douglas Emmett by 54.0% in the fourth quarter. M&T Bank Corp now owns 16,846 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 5,904 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Douglas Emmett by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,446,670 shares of the real estate investment trust’s stock worth $49,977,000 after purchasing an additional 164,754 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Douglas Emmett by 39.3% in the fourth quarter. BNP Paribas Financial Markets now owns 319,148 shares of the real estate investment trust’s stock worth $4,628,000 after purchasing an additional 90,118 shares during the period. Institutional investors 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.