Douglas Emmett (NYSE:DEI) Price Target Raised to $19.00

Douglas Emmett (NYSE:DEI) had its price objective upped by equities research analysts at Evercore ISI from $16.00 to $19.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target points to a potential downside of 1.45% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Piper Sandler upped their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Citigroup raised their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Scotiabank raised their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. JPMorgan Chase & Co. raised their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.71.

Douglas Emmett Trading Up 0.3 %

Shares of DEI stock opened at $19.28 on Thursday. The firm has a 50 day moving average price of $17.53 and a two-hundred day moving average price of $15.39. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $3.23 billion, a PE ratio of -192.80 and a beta of 1.10. Douglas Emmett has a 12-month low of $10.76 and a 12-month high of $19.50.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.42%. The company had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. During the same quarter last year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, analysts predict that Douglas Emmett will post 1.68 earnings per share for the current year.

Institutional Trading of Douglas Emmett

A number of institutional investors have recently modified their holdings of DEI. Manning & Napier Advisors LLC purchased a new position in shares of Douglas Emmett during the 2nd quarter valued at approximately $3,825,000. Centersquare Investment Management LLC lifted its position in Douglas Emmett by 20.8% in the first quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock valued at $59,817,000 after buying an additional 751,419 shares during the last quarter. Swedbank AB purchased a new position in Douglas Emmett during the first quarter worth about $661,000. Caxton Associates LP purchased a new position in Douglas Emmett during the first quarter worth about $974,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Douglas Emmett by 57.7% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 175,000 shares of the real estate investment trust’s stock valued at $2,427,000 after purchasing an additional 64,000 shares during the period. 97.37% of the stock is currently owned by institutional investors.

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.