Douglas Emmett, Inc. (NYSE:DEI) Receives $18.50 Average Price Target from Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of brokerages have commented on DEI. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, January 13th. Jefferies Financial Group initiated coverage on Douglas Emmett in a research note on Monday. They set a “hold” rating and a $16.00 target price on the stock. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Finally, StockNews.com cut Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock opened at $16.27 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The business’s 50 day simple moving average is $16.96 and its two-hundred day simple moving average is $17.74. The stock has a market capitalization of $2.72 billion, a P/E ratio of 125.13 and a beta of 1.13. Douglas Emmett has a one year low of $12.50 and a one year high of $20.50.

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

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 4.67%. Douglas Emmett’s payout ratio is 584.62%.

Institutional Investors Weigh In On Douglas Emmett

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DEI. FMR LLC grew its stake 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 worth $144,662,000 after purchasing an additional 2,910,490 shares during the period. Victory Capital Management Inc. grew its stake in Douglas Emmett by 4,395.5% in the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock worth $27,729,000 after purchasing an additional 1,543,099 shares during the period. JPMorgan Chase & Co. grew its stake in Douglas Emmett by 130.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock worth $49,826,000 after purchasing an additional 1,520,348 shares during the period. Norges Bank purchased a new stake in Douglas Emmett in the fourth quarter worth $23,526,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Douglas Emmett by 379.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust’s stock worth $19,071,000 after purchasing an additional 858,857 shares during the period. 97.37% of the stock is owned by hedge funds and other 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.