Douglas Emmett (NYSE:DEI) Now Covered by Scotiabank

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Scotiabank initiated coverage on shares of Douglas Emmett (NYSE:DEI) in a research report sent to investors on Tuesday, October 16th, The Fly reports. The firm issued an outperform rating on the real estate investment trust’s stock.

Several other research analysts also recently weighed in on DEI. Citigroup upped their target price on shares of Douglas Emmett from $38.00 to $39.00 and gave the company a neutral rating in a research note on Wednesday, August 8th. Stifel Nicolaus upped their target price on shares of Douglas Emmett from $42.00 to $43.00 and gave the company a buy rating in a research note on Thursday, August 2nd. Zacks Investment Research downgraded shares of Douglas Emmett from a buy rating to a hold rating in a research note on Wednesday, July 25th. Mizuho upgraded shares of Douglas Emmett from a neutral rating to a buy rating and upped their target price for the company from $39.00 to $44.00 in a research note on Monday, June 18th. Finally, Bank of America upped their target price on shares of Douglas Emmett from $42.00 to $44.00 and gave the company a buy rating in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $41.59.

DEI traded down $0.11 during trading on Tuesday, hitting $36.15. 538,942 shares of the company’s stock were exchanged, compared to its average volume of 874,363. The company has a quick ratio of 2.30, a current ratio of 1.96 and a debt-to-equity ratio of 1.05. Douglas Emmett has a 1 year low of $34.72 and a 1 year high of $41.59. The company has a market cap of $6.15 billion, a P/E ratio of 19.03, a P/E/G ratio of 2.66 and a beta of 0.58.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.33). Douglas Emmett had a return on equity of 3.06% and a net margin of 14.32%. The business had revenue of $223.30 million for the quarter, compared to analysts’ expectations of $222.50 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Douglas Emmett’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts anticipate that Douglas Emmett will post 2.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 16th. Investors of record on Friday, September 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.00 annualized dividend and a yield of 2.77%. Douglas Emmett’s dividend payout ratio is presently 52.63%.

Several large investors have recently modified their holdings of DEI. Cbre Clarion Securities LLC raised its holdings in shares of Douglas Emmett by 226.1% during the second quarter. Cbre Clarion Securities LLC now owns 6,615,753 shares of the real estate investment trust’s stock worth $265,821,000 after purchasing an additional 4,587,109 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Douglas Emmett by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 4,221,607 shares of the real estate investment trust’s stock worth $159,239,000 after purchasing an additional 569,703 shares during the period. BlackRock Inc. raised its holdings in shares of Douglas Emmett by 2.6% during the third quarter. BlackRock Inc. now owns 19,613,474 shares of the real estate investment trust’s stock worth $739,819,000 after purchasing an additional 504,234 shares during the period. Millennium Management LLC raised its holdings in shares of Douglas Emmett by 39.3% during the first quarter. Millennium Management LLC now owns 1,368,084 shares of the real estate investment trust’s stock worth $50,291,000 after purchasing an additional 386,068 shares during the period. Finally, Prudential Financial Inc. raised its holdings in shares of Douglas Emmett by 219.5% during the third quarter. Prudential Financial Inc. now owns 451,418 shares of the real estate investment trust’s stock worth $17,028,000 after purchasing an additional 310,140 shares during the period. 95.10% 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.

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Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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