Douglas Emmett (NYSE:DEI) Downgraded to Sell Rating by StockNews.com

Douglas Emmett (NYSE:DEI) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other equities analysts have also recently issued reports about the company. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Monday, January 13th. 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 research report on Thursday, January 2nd. Jefferies Financial Group lifted their price target on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Finally, Evercore ISI lifted their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.75.

Douglas Emmett Stock Performance

Shares of DEI opened at $17.63 on Thursday. The firm has a market cap of $2.95 billion, a PE ratio of -176.30 and a beta of 1.11. The stock’s fifty day moving average price is $18.33 and its two-hundred day moving average price is $17.48. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. On average, equities research analysts forecast that Douglas Emmett will post 1.7 EPS for the current year.

Hedge Funds Weigh In On Douglas Emmett

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its position in Douglas Emmett by 6.9% during the fourth quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 922 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Douglas Emmett by 49.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 105,952 shares of the real estate investment trust’s stock worth $1,966,000 after purchasing an additional 35,081 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Douglas Emmett in the 4th quarter worth about $229,000. Amundi boosted its holdings in shares of Douglas Emmett by 47.7% in the 4th quarter. Amundi now owns 170,038 shares of the real estate investment trust’s stock worth $2,874,000 after purchasing an additional 54,899 shares in the last quarter. Finally, Inceptionr LLC purchased a new position in shares of Douglas Emmett in the 4th quarter worth about $244,000. 97.37% of the stock is currently owned by hedge funds and other 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.