Analysts Set Douglas Emmett, Inc. (NYSE:DEI) Price Target at $18.50

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been assigned an average recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.50.

A number of brokerages have weighed in on DEI. StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Jefferies Financial Group initiated coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a “hold” rating and a $16.00 target price for the company. Finally, Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research report on Monday, January 13th.

Douglas Emmett Stock Up 4.2 %

Douglas Emmett stock opened at $16.65 on Tuesday. The stock’s 50 day moving average price is $16.95 and its 200 day moving average price is $17.77. Douglas Emmett has a 1-year low of $12.50 and a 1-year high of $20.50. The company has a market cap of $2.79 billion, a PE ratio of 128.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. On average, sell-side analysts predict that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 4.57%. Douglas Emmett’s dividend payout ratio (DPR) is 584.62%.

Institutional Investors Weigh In On Douglas Emmett

Large investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its holdings in shares of Douglas Emmett by 1.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust’s stock worth $147,437,000 after purchasing an additional 125,727 shares during the last quarter. FMR LLC boosted its position in Douglas Emmett by 59.6% in the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock valued at $144,662,000 after buying an additional 2,910,490 shares in the last quarter. Bamco Inc. NY grew its stake in Douglas Emmett by 0.3% during the third quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after buying an additional 20,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 26,961 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Douglas Emmett by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock valued at $70,764,000 after acquiring an additional 14,886 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

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.