Wells Fargo & Company Raises Douglas Emmett (NYSE:DEI) Price Target to $17.00

Douglas Emmett (NYSE:DEI) had its price objective increased by equities research analysts at Wells Fargo & Company from $15.00 to $17.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price points to a potential upside of 4.04% from the company’s previous close.

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

Douglas Emmett Stock Up 2.9 %

DEI opened at $16.34 on Wednesday. The business’s fifty day simple moving average is $15.18 and its 200 day simple moving average is $14.10. Douglas Emmett has a 52 week low of $10.76 and a 52 week high of $16.57. 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 $2.73 billion, a PE ratio of -52.71 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) 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 analysts’ expectations of $246.62 million. Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. Douglas Emmett’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. As a group, research analysts expect that Douglas Emmett will post 1.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Douglas Emmett

Large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC purchased a new stake in Douglas Emmett in the second quarter worth $32,000. Frazier Financial Advisors LLC purchased a new stake in shares of Douglas Emmett in the 4th quarter worth about $46,000. Quarry LP purchased a new stake in shares of Douglas Emmett in the 4th quarter worth about $57,000. Aspire Private Capital LLC increased its stake in shares of Douglas Emmett by 20.0% in the 2nd quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 1,592 shares in the last quarter. Finally, Xponance Inc. purchased a new position in Douglas Emmett during the 2nd quarter valued at about $137,000. 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.