Wells Fargo & Company Lowers Douglas Emmett (NYSE:DEI) Price Target to $16.00

Douglas Emmett (NYSE:DEI) had its price objective reduced by Wells Fargo & Company from $20.00 to $16.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 8.55% from the stock’s previous close.

Several other brokerages also recently weighed in on DEI. StockNews.com raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Jefferies Financial Group assumed coverage on shares of Douglas Emmett in a report on Monday, March 17th. They issued a “hold” rating and a $16.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and an average target price of $18.38.

Douglas Emmett Trading Down 1.1%

Shares of Douglas Emmett stock opened at $14.74 on Monday. Douglas Emmett has a 1 year low of $12.39 and a 1 year high of $20.50. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The company has a market capitalization of $2.47 billion, a P/E ratio of 113.39 and a beta of 1.21. The company’s fifty day moving average is $14.71 and its two-hundred day moving average is $16.86.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. The company had revenue of $251.54 million for the quarter, compared to the consensus estimate of $246.49 million. During the same period last year, the firm posted $0.45 EPS. Douglas Emmett’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts forecast that Douglas Emmett will post 1.45 earnings per share for the current year.

Institutional Trading of Douglas Emmett

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Douglas Emmett during the first quarter worth about $30,000. Brooklyn Investment Group boosted its holdings in Douglas Emmett by 9,036.1% during the first quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 3,253 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Douglas Emmett by 203.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in Douglas Emmett during the fourth quarter worth about $56,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Douglas Emmett during the first quarter worth about $76,000. 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.