Douglas Emmett, Inc. (DEI) Receives Consensus Recommendation of “Hold” from Brokerages

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Douglas Emmett, Inc. (NYSE:DEI) has been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $41.55.

DEI has been the subject of several research reports. Bank of America cut their target price on Douglas Emmett from $44.00 to $42.50 and set a “buy” rating for the company in a research note on Monday, September 10th. Barclays upped their target price on Douglas Emmett from $38.00 to $39.00 and gave the stock an “underweight” rating in a research note on Thursday, August 30th. Zacks Investment Research lowered Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. Scotiabank initiated coverage on Douglas Emmett in a research note on Tuesday, October 16th. They issued an “outperform” rating for the company. Finally, Raymond James cut their target price on Douglas Emmett from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, November 5th.

DEI traded down $0.11 during midday trading on Monday, hitting $36.15. The stock had a trading volume of 538,942 shares, compared to its average volume of 874,363. The firm 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. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.96 and a quick ratio of 2.30. Douglas Emmett has a 1 year low of $34.72 and a 1 year high of $41.59.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 16th. Shareholders of record on Friday, September 28th were given 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 payout ratio is currently 52.63%.

A number of hedge funds have recently made changes to their positions in the business. Eii Capital Management Inc. lifted its position in Douglas Emmett by 9.0% in the third quarter. Eii Capital Management Inc. now owns 19,427 shares of the real estate investment trust’s stock valued at $704,000 after purchasing an additional 1,612 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Douglas Emmett by 0.9% during the third quarter. Retirement Systems of Alabama now owns 208,607 shares of the real estate investment trust’s stock valued at $7,869,000 after acquiring an additional 1,783 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Douglas Emmett by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 62,426 shares of the real estate investment trust’s stock valued at $2,508,000 after acquiring an additional 1,795 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Douglas Emmett by 23.2% during the second quarter. Riverhead Capital Management LLC now owns 10,075 shares of the real estate investment trust’s stock valued at $405,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Vident Investment Advisory LLC raised its holdings in shares of Douglas Emmett by 21.1% during the second quarter. Vident Investment Advisory LLC now owns 12,662 shares of the real estate investment trust’s stock valued at $509,000 after acquiring an additional 2,205 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

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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