Douglas Emmett, Inc. (NYSE:DEI) Receives $13.67 Average Target Price from Analysts

Douglas Emmett, Inc. (NYSE:DEI) has been given an average recommendation of “Hold” by the seven analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $13.67.

Separately, Piper Sandler dropped their price objective on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, March 22nd.

Institutional Trading of Douglas Emmett

Several hedge funds have recently modified their holdings of DEI. SG Americas Securities LLC grew its stake in shares of Douglas Emmett by 85.3% during the third quarter. SG Americas Securities LLC now owns 154,311 shares of the real estate investment trust’s stock valued at $1,969,000 after purchasing an additional 71,057 shares during the last quarter. Raymond James & Associates grew its stake in shares of Douglas Emmett by 1.6% during the third quarter. Raymond James & Associates now owns 72,668 shares of the real estate investment trust’s stock valued at $927,000 after purchasing an additional 1,151 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Douglas Emmett by 2.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,646 shares of the real estate investment trust’s stock valued at $876,000 after purchasing an additional 1,596 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Douglas Emmett during the third quarter valued at approximately $305,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Douglas Emmett by 5,960.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 193,822 shares of the real estate investment trust’s stock valued at $2,473,000 after purchasing an additional 190,624 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Stock Performance

NYSE:DEI opened at $13.85 on Friday. The firm has a market capitalization of $2.32 billion, a PE ratio of -53.27 and a beta of 1.05. The firm has a 50-day moving average price of $13.42 and a 200 day moving average price of $13.33. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44. Douglas Emmett has a 12-month low of $10.09 and a 12-month high of $16.12.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend was Wednesday, March 27th. Douglas Emmett’s payout ratio is -292.31%.

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.