Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Target Price at $17.83

Shares of Douglas Emmett, Inc. (NYSE:DEI) have received an average rating of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $18.25.

DEI has been the subject of several research reports. Citigroup increased their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company raised their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Jefferies Financial Group boosted their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Finally, Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after purchasing an additional 26,961 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Douglas Emmett by 3.6% in 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 in the last quarter. Intech Investment Management LLC acquired a new position in shares of Douglas Emmett during the 3rd quarter valued at $650,000. Charles Schwab Investment Management Inc. boosted its stake in Douglas Emmett by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after acquiring an additional 127,274 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in 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 during the period. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Stock Down 3.0 %

DEI stock opened at $16.90 on Thursday. The firm has a 50-day moving average price of $18.84 and a 200-day moving average price of $16.97. Douglas Emmett has a 12 month low of $12.35 and a 12 month high of $20.50. 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 market capitalization of $2.83 billion, a P/E ratio of -169.00 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.38). The company had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. Douglas Emmett’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. As a group, equities research analysts anticipate that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.50%. Douglas Emmett’s dividend payout ratio (DPR) is currently -760.00%.

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.