Douglas Emmett (NYSE:DEI) Hits New 52-Week High at $17.43

Douglas Emmett, Inc. (NYSE:DEI) hit a new 52-week high on Thursday . The company traded as high as $17.43 and last traded at $17.43, with a volume of 16486 shares. The stock had previously closed at $17.01.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DEI shares. Wells Fargo & Company raised their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Evercore ISI boosted their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Piper Sandler upped their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.88.

Douglas Emmett Stock Down 1.5 %

The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11. The company’s 50-day moving average price is $15.58 and its 200 day moving average price is $14.26. The stock has a market capitalization of $2.88 billion, a P/E ratio of -55.58 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last issued its 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). Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million. During the same quarter in the prior year, the company posted $0.48 EPS. Douglas Emmett’s revenue was down 3.0% compared to the same quarter last year. As a group, equities analysts expect that Douglas Emmett, Inc. will post 1.67 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Monday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is -245.16%.

Institutional Trading of Douglas Emmett

Institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC purchased a new stake in Douglas Emmett in the 2nd quarter valued at about $32,000. Quarry LP increased its holdings in Douglas Emmett by 155.0% during the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 2,505 shares during the period. Aspire Private Capital LLC lifted its holdings 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 buying an additional 1,592 shares during the period. Xponance Inc. bought a new stake in shares of Douglas Emmett in the second quarter valued at about $137,000. Finally, Choreo LLC purchased a new position in Douglas Emmett during the 2nd quarter valued at about $147,000. 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.