Douglas Emmett, Inc. (DEI) Given Average Rating of “Hold” by Brokerages

Share on StockTwits

Douglas Emmett, Inc. (NYSE:DEI) has been given an average rating of “Hold” by the thirteen brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $41.55.

A number of research firms have recently commented on DEI. Raymond James lowered their target price on Douglas Emmett from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th. Scotiabank began coverage on Douglas Emmett in a research note on Tuesday, October 16th. They set an “outperform” rating on the stock. Zacks Investment Research cut Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. Bank of America lowered their target price on Douglas Emmett from $44.00 to $42.50 and set a “buy” rating on the stock in a research note on Monday, September 10th. Finally, Barclays lifted their target price on Douglas Emmett from $38.00 to $39.00 and gave the stock an “underweight” rating in a research note on Thursday, August 30th.

A number of institutional investors have recently made changes to their positions in DEI. Cbre Clarion Securities LLC raised its stake in Douglas Emmett by 226.1% in the 2nd quarter. Cbre Clarion Securities LLC now owns 6,615,753 shares of the real estate investment trust’s stock valued at $265,821,000 after acquiring an additional 4,587,109 shares during the period. JPMorgan Chase & Co. raised its stake in Douglas Emmett by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,221,607 shares of the real estate investment trust’s stock valued at $159,239,000 after acquiring an additional 569,703 shares during the period. BlackRock Inc. raised its stake in Douglas Emmett by 2.6% in the 3rd quarter. BlackRock Inc. now owns 19,613,474 shares of the real estate investment trust’s stock valued at $739,819,000 after acquiring an additional 504,234 shares during the period. Prudential Financial Inc. raised its stake in Douglas Emmett by 219.5% in the 3rd quarter. Prudential Financial Inc. now owns 451,418 shares of the real estate investment trust’s stock valued at $17,028,000 after acquiring an additional 310,140 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its stake in Douglas Emmett by 40.6% in the 3rd quarter. NN Investment Partners Holdings N.V. now owns 711,263 shares of the real estate investment trust’s stock valued at $26,828,000 after acquiring an additional 205,263 shares during the period. Institutional investors and hedge funds own 95.10% of the company’s stock.

DEI traded down $0.11 during mid-day trading on Monday, reaching $36.15. 538,942 shares of the stock were exchanged, compared to its average volume of 874,363. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.96 and a quick ratio of 2.30. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 2.66 and a beta of 0.58. Douglas Emmett has a 1 year low of $34.72 and a 1 year high of $41.59.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.33). The firm had revenue of $223.30 million for the quarter, compared to analysts’ expectations of $222.50 million. Douglas Emmett had a return on equity of 3.06% and a net margin of 14.32%. Douglas Emmett’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, equities analysts anticipate that Douglas Emmett will post 2.02 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 16th. Investors of record on Friday, September 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Thursday, September 27th. Douglas Emmett’s dividend payout ratio is currently 52.63%.

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.

Read More: How a Put Option Works

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply