Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Price Target at $18.50

Douglas Emmett, Inc. (NYSE:DEI) has received an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $18.50.

Several equities research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They set a “hold” rating and a $16.00 price objective for the company. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research note on Monday, January 13th. Wedbush upgraded 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 note on Thursday, January 2nd. StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its holdings in Douglas Emmett by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust’s stock valued at $147,437,000 after buying an additional 125,727 shares in the last quarter. FMR LLC increased its holdings in Douglas Emmett by 59.6% in the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock valued at $144,662,000 after buying an additional 2,910,490 shares in the last quarter. Bamco Inc. NY increased its holdings in Douglas Emmett by 0.3% in the third quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock valued at $112,263,000 after buying an additional 20,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in Douglas Emmett by 0.7% in the third 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Douglas Emmett by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock valued at $70,764,000 after buying an additional 14,886 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

Shares of DEI opened at $15.97 on Tuesday. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 122.82 and a beta of 1.13. Douglas Emmett has a twelve month low of $12.50 and a twelve month high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The company has a 50 day moving average of $16.96 and a two-hundred day moving average of $17.76.

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

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.76%. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

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.