Jefferies Financial Group Forecasts Strong Price Appreciation for Douglas Emmett (NYSE:DEI) Stock

Douglas Emmett (NYSE:DEI) had its price target boosted by equities researchers at Jefferies Financial Group from $17.00 to $18.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price indicates a potential downside of 4.96% from the company’s current price.

Several other research firms have also commented on DEI. Evercore ISI boosted their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Citigroup boosted their target price on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Wells Fargo & Company raised their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.25.

Douglas Emmett Trading Up 1.0 %

DEI opened at $18.94 on Thursday. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett has a 52 week low of $12.35 and a 52 week high of $20.50. The stock has a market cap of $3.17 billion, a PE ratio of -189.40 and a beta of 1.11. The business has a 50 day moving average of $18.88 and a 200-day moving average of $16.86.

Douglas Emmett (NYSE:DEI) last announced 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). 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 analysts’ expectations of $242.75 million. During the same period in the prior year, the business posted $0.45 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts predict that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Douglas Emmett

Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Douglas Emmett by 19.7% during the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 750 shares during the period. Inspire Investing LLC lifted its position in Douglas Emmett by 3.4% during the second quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust’s stock valued at $353,000 after purchasing an additional 883 shares during the period. Arizona State Retirement System boosted its holdings in Douglas Emmett by 2.2% in the second quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 1,027 shares during the last quarter. HighTower Advisors LLC grew its position in Douglas Emmett by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 13,335 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 1,171 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in Douglas Emmett by 0.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust’s stock valued at $3,714,000 after buying an additional 1,300 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

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.