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

Douglas Emmett, Inc. (NYSE:DEI) has been given a consensus recommendation of “Hold” by the nine analysts that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $18.75.

A number of research analysts have commented on DEI shares. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Evercore ISI lifted their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Finally, Jefferies Financial Group lifted their price objective on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd.

Institutional Trading of Douglas Emmett

Several large investors have recently bought and sold shares of DEI. Venturi Wealth Management LLC acquired a new stake in Douglas Emmett during the 3rd quarter valued at approximately $48,000. Tower Research Capital LLC TRC lifted its stake in Douglas Emmett by 203.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,964 shares during the period. GF Fund Management CO. LTD. acquired a new stake in Douglas Emmett during the 4th quarter valued at approximately $56,000. Blue Trust Inc. lifted its stake in Douglas Emmett by 1,081.5% during the 3rd 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. Finally, Raleigh Capital Management Inc. lifted its stake in Douglas Emmett by 62.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 1,476 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Up 0.8 %

NYSE DEI opened at $16.80 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 129.26 and a beta of 1.11. The company’s 50-day simple moving average is $17.54 and its two-hundred day simple moving average is $17.64. Douglas Emmett has a one year low of $12.50 and a one year high of $20.50.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Equities analysts forecast that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.52%. Douglas Emmett’s dividend payout ratio is presently 584.62%.

Douglas Emmett Company Profile

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.