Douglas Emmett, Inc. (NYSE:DEI) Receives $18.75 Average Target Price from Analysts

Douglas Emmett, Inc. (NYSE:DEI) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $18.75.

A number of research analysts have recently issued reports on DEI shares. Evercore ISI boosted their price target on 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 upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Jefferies Financial Group increased their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Finally, Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Monday, January 13th.

Douglas Emmett Trading Down 2.3 %

Shares of NYSE DEI opened at $16.14 on Friday. 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 business has a fifty day simple moving average of $17.77 and a two-hundred day simple moving average of $17.63. The firm has a market cap of $2.70 billion, a PE ratio of 124.12 and a beta of 1.11. Douglas Emmett has a twelve month low of $12.50 and a twelve month 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%. Analysts expect that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend was Tuesday, December 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Hedge Funds Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its position in shares of Douglas Emmett by 4.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 738 shares in the last quarter. GAMMA Investing LLC grew its stake in Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 750 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Douglas Emmett by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust’s stock worth $3,386,000 after acquiring an additional 860 shares in the last quarter. FIL Ltd raised its position in shares of Douglas Emmett by 19.0% during the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 884 shares during the last quarter. Finally, Xponance Inc. raised its holdings in shares of Douglas Emmett by 8.6% during the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 920 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

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.