Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Price Target at $17.43

Douglas Emmett, Inc. (NYSE:DEI) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $17.43.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Wells Fargo & Company upped their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Evercore ISI upped their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Citigroup upped their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $16.00 to $21.00 in a report on Thursday, November 14th.

Douglas Emmett Stock Up 0.3 %

DEI stock opened at $19.71 on Friday. Douglas Emmett has a 1-year low of $12.35 and a 1-year high of $20.27. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of -197.10 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The firm has a fifty day moving average price of $18.66 and a two-hundred day moving average price of $16.25.

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

Institutional Investors Weigh In On Douglas Emmett

Several hedge funds and other institutional investors have recently bought and sold shares of DEI. Wolverine Asset Management LLC bought a new stake in Douglas Emmett in the second quarter worth about $32,000. Venturi Wealth Management LLC bought a new stake in Douglas Emmett in the third quarter worth about $48,000. Quarry LP raised 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 buying an additional 2,505 shares during the period. Blue Trust Inc. raised its holdings in Douglas Emmett by 1,081.5% during the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 3,396 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Douglas Emmett by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,175 shares during the period. 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.