Douglas Emmett (NYSE:DEI) Price Target Raised to $16.00 at Piper Sandler

Douglas Emmett (NYSE:DEI) had its price objective raised by Piper Sandler from $15.00 to $16.00 in a research note released on Monday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the real estate investment trust’s stock.

Separately, StockNews.com raised shares of Douglas Emmett from a sell rating to a hold rating in a report on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Douglas Emmett currently has a consensus rating of Hold and an average target price of $14.25.

Douglas Emmett Price Performance

Shares of DEI stock opened at $14.94 on Monday. The stock’s 50-day moving average is $14.22 and its 200 day moving average is $13.78. Douglas Emmett has a 1-year low of $10.76 and a 1-year high of $16.57. The company has a debt-to-equity ratio of 1.45, a current ratio of 4.42 and a quick ratio of 4.42. The company has a market cap of $2.50 billion, a P/E ratio of -48.19 and a beta of 1.09.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.37). Douglas Emmett had a negative net margin of 5.40% and a negative return on equity of 1.33%. The firm had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $246.62 million. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. Research analysts predict that Douglas Emmett will post 1.66 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Friday, June 28th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.09%. The ex-dividend date was Friday, June 28th. Douglas Emmett’s dividend payout ratio is presently -245.16%.

Insider Buying and Selling at Douglas Emmett

In related news, Director William E. Simon, Jr. acquired 45,000 shares of the stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $13.15 per share, for a total transaction of $591,750.00. Following the completion of the purchase, the director now owns 45,000 shares of the company’s stock, valued at approximately $591,750. The purchase was disclosed in a document filed with the SEC, which is available through this link. 14.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Douglas Emmett

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new stake in shares of Douglas Emmett during the 2nd quarter worth approximately $32,000. GAMMA Investing LLC acquired a new stake in Douglas Emmett in the 4th quarter valued at about $43,000. Frazier Financial Advisors LLC acquired a new stake in shares of Douglas Emmett in the fourth quarter valued at approximately $46,000. Quarry LP purchased a new position in Douglas Emmett during the fourth quarter worth approximately $57,000. Finally, Aspire Private Capital LLC boosted its stake in Douglas Emmett by 20.0% during the second quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 1,592 shares during the last quarter. Institutional investors and hedge funds own 97.37% 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.