Douglas Emmett (NYSE:DEI) Given Hold Rating at Sandler O’Neill

Sandler O’Neill reaffirmed their hold rating on shares of Douglas Emmett (NYSE:DEI) in a research note released on Tuesday, January 23rd. Sandler O’Neill currently has a $42.00 price target on the real estate investment trust’s stock.

Several other equities analysts also recently issued reports on DEI. Stifel Nicolaus reissued a buy rating and set a $43.00 price target (up from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. Zacks Investment Research cut shares of Douglas Emmett from a hold rating to a sell rating in a research report on Tuesday, January 16th. Robert W. Baird restated a buy rating and issued a $45.00 price objective on shares of Douglas Emmett in a research report on Tuesday, January 9th. TheStreet upgraded shares of Douglas Emmett from a c+ rating to a b- rating in a research report on Wednesday, November 15th. Finally, Mizuho reiterated a hold rating and set a $41.00 price target on shares of Douglas Emmett in a research report on Friday, October 27th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Douglas Emmett currently has an average rating of Hold and an average target price of $41.11.

Douglas Emmett (DEI) traded up $0.03 during trading hours on Tuesday, hitting $36.16. 492,604 shares of the stock were exchanged, compared to its average volume of 831,383. The company has a market cap of $6,160.55, a P/E ratio of 63.39, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. Douglas Emmett has a one year low of $34.72 and a one year high of $41.59.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $209.19 million for the quarter, compared to the consensus estimate of $202.00 million. Douglas Emmett had a return on equity of 2.80% and a net margin of 12.36%. equities research analysts anticipate that Douglas Emmett will post 2 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in Douglas Emmett by 8.9% during the second quarter. Wells Fargo & Company MN now owns 102,491 shares of the real estate investment trust’s stock worth $3,917,000 after acquiring an additional 8,376 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Douglas Emmett by 68.1% in the second quarter. Riverhead Capital Management LLC now owns 6,220 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 2,520 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Douglas Emmett by 37.2% in the second quarter. Teachers Advisors LLC now owns 274,545 shares of the real estate investment trust’s stock valued at $10,490,000 after acquiring an additional 74,455 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Douglas Emmett by 50.6% in the second quarter. TIAA CREF Investment Management LLC now owns 386,610 shares of the real estate investment trust’s stock valued at $14,772,000 after acquiring an additional 129,905 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Douglas Emmett by 11.2% in the second quarter. Ameriprise Financial Inc. now owns 757,213 shares of the real estate investment trust’s stock valued at $28,935,000 after acquiring an additional 76,083 shares in the last quarter. 96.41% of the stock is currently owned by institutional investors and hedge funds.

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Douglas Emmett Company Profile

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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