Douglas Emmett (NYSE:DEI) Stock Rating Upgraded by Scotiabank

Douglas Emmett (NYSE:DEI) was upgraded by Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report released on Thursday,Briefing.com Automated Import reports. The firm currently has a $21.00 price target on the real estate investment trust’s stock, up from their previous price target of $16.00. Scotiabank’s price target would suggest a potential upside of 16.15% from the stock’s current price.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Citigroup boosted their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company increased their price objective on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Piper Sandler boosted their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Evercore ISI raised their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus target price of $17.43.

Douglas Emmett Trading Down 0.4 %

DEI stock opened at $18.08 on Thursday. The business has a fifty day moving average price of $17.64 and a 200 day moving average price of $15.49. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 5.11. Douglas Emmett has a fifty-two week low of $11.08 and a fifty-two week high of $19.59. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -180.80 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The business had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. Analysts expect that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Institutional Trading of Douglas Emmett

Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Douglas Emmett by 4,395.5% in the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock valued at $27,729,000 after purchasing an additional 1,543,099 shares during the last quarter. Centersquare Investment Management LLC increased its stake in Douglas Emmett by 20.8% in the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock valued at $59,817,000 after buying an additional 751,419 shares during the last quarter. FMR LLC lifted its position in 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 buying an additional 384,371 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Douglas Emmett during the 2nd quarter worth about $3,825,000. Finally, Neo Ivy Capital Management bought a new position in shares of Douglas Emmett in the 2nd quarter valued at about $2,573,000. 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.