Douglas Emmett, Inc. (NYSE:DEI) Receives $18.75 Consensus Target Price from Analysts

Shares of Douglas Emmett, Inc. (NYSE:DEI) have received an average rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $18.75.

Several equities analysts have commented on DEI shares. Jefferies Financial Group raised their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their target price for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Evercore ISI boosted their price target 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, Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th.

Douglas Emmett Trading Up 0.4 %

Shares of DEI stock opened at $18.36 on Monday. The stock has a market cap of $3.07 billion, a P/E ratio of -183.60 and a beta of 1.11. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.50. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51. The stock has a 50 day simple moving average of $18.46 and a 200 day simple moving average of $17.40.

Douglas Emmett (NYSE:DEI) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. On average, research analysts predict that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.19 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.14%. Douglas Emmett’s dividend payout ratio (DPR) is presently -760.00%.

Hedge Funds Weigh In On Douglas Emmett

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bamco Inc. NY lifted its holdings in shares of Douglas Emmett by 0.3% during the third quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after purchasing an additional 20,000 shares during the period. FMR LLC lifted its holdings in Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after buying an additional 384,371 shares during the period. Geode Capital Management LLC grew its position in shares of Douglas Emmett by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after buying an additional 26,961 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Douglas Emmett by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock valued at $66,728,000 after buying an additional 127,274 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Douglas Emmett by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock worth $33,212,000 after acquiring an additional 186,385 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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.