Douglas Emmett (NYSE:DEI) Raised to “Overweight” at Piper Sandler

Douglas Emmett (NYSE:DEI) was upgraded by research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a report released on Monday, Marketbeat reports. The brokerage currently has a $20.00 price objective on the real estate investment trust’s stock. Piper Sandler’s price objective points to a potential upside of 16.28% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group lifted their price objective on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Evercore ISI increased their price objective on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, Scotiabank raised shares of 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. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Douglas Emmett currently has a consensus rating of “Hold” and a consensus target price of $18.75.

Douglas Emmett Price Performance

Shares of DEI opened at $17.20 on Monday. The business’s 50-day moving average is $18.75 and its 200-day moving average is $17.09. 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 company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -172.00 and a beta of 1.11. Douglas Emmett has a fifty-two week low of $12.35 and a fifty-two week high of $20.50.

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

Hedge Funds Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC bought a new stake in shares of Douglas Emmett during the 3rd quarter worth $48,000. Quarry LP lifted its position 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 acquiring an additional 2,505 shares during the last quarter. Blue Trust Inc. boosted its holdings in Douglas Emmett by 1,081.5% during the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 3,396 shares during the period. GAMMA Investing LLC grew its position in shares of Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in shares of Douglas Emmett by 62.0% in the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,476 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

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.