Douglas Emmett, Inc. (NYSE:DEI) Receives $13.67 Consensus Target Price from Brokerages

Douglas Emmett, Inc. (NYSE:DEIGet Free Report) has received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.67.

Several research analysts have weighed in on the stock. Piper Sandler lowered their price target on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, March 22nd. StockNews.com upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 20th.

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Douglas Emmett Stock Performance

DEI opened at $13.23 on Wednesday. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.45. Douglas Emmett has a 12-month low of $10.76 and a 12-month high of $16.12. The business has a 50 day moving average of $13.64 and a 200-day moving average of $13.63. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -42.68 and a beta of 1.05.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Thursday, March 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.74%. The ex-dividend date of this dividend was Wednesday, March 27th. Douglas Emmett’s dividend payout ratio (DPR) is currently -245.16%.

Hedge Funds Weigh In On Douglas Emmett

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Douglas Emmett by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after purchasing an additional 229,301 shares in the last quarter. Wellington Management Group LLP increased its holdings in Douglas Emmett by 1.7% in the 4th quarter. Wellington Management Group LLP now owns 9,358,733 shares of the real estate investment trust’s stock valued at $135,702,000 after buying an additional 156,761 shares during the period. First Pacific Advisors LP increased its holdings in Douglas Emmett by 10.5% in the 4th quarter. First Pacific Advisors LP now owns 5,546,488 shares of the real estate investment trust’s stock valued at $80,424,000 after buying an additional 527,036 shares during the period. Centersquare Investment Management LLC raised its position in shares of Douglas Emmett by 20.8% in the 1st 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 in the last quarter. Finally, Rush Island Management LP lifted its holdings in shares of Douglas Emmett by 271.4% during the 3rd quarter. Rush Island Management LP now owns 4,152,516 shares of the real estate investment trust’s stock worth $52,986,000 after acquiring an additional 3,034,375 shares during the period. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Company Profile

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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.

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Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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