Douglas Emmett (NYSE:DEI) Given New $16.00 Price Target at Scotiabank

Douglas Emmett (NYSE:DEI) had its price objective increased by equities research analysts at Scotiabank from $14.00 to $16.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential upside of 0.38% from the stock’s previous close.

Several other analysts have also recently commented on DEI. StockNews.com upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 20th. Piper Sandler increased their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.60.

Douglas Emmett Stock Up 1.3 %

Shares of NYSE:DEI traded up $0.20 on Monday, reaching $15.94. The company had a trading volume of 64,360 shares, compared to its average volume of 1,676,734. The firm has a market capitalization of $2.67 billion, a PE ratio of -51.42 and a beta of 1.09. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.45. Douglas Emmett has a 52-week low of $10.76 and a 52-week high of $16.57. The firm’s 50 day simple moving average is $14.48 and its 200-day simple moving average is $13.87.

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

Insider Buying and Selling

In other news, Director William E. Simon, Jr. bought 45,000 shares of Douglas Emmett stock in a transaction on Monday, June 10th. The stock was acquired at an average price of $13.15 per share, with a total value of $591,750.00. Following the completion of the acquisition, the director now directly owns 45,000 shares of the company’s stock, valued at $591,750. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.70% of the company’s stock.

Institutional Trading of Douglas Emmett

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Douglas Emmett by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after acquiring an additional 229,301 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Douglas Emmett by 12.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,119,643 shares of the real estate investment trust’s stock worth $45,235,000 after acquiring an additional 349,034 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Douglas Emmett during the second quarter worth $3,825,000. GSA Capital Partners LLP raised its position in Douglas Emmett by 356.7% in the first quarter. GSA Capital Partners LLP now owns 116,902 shares of the real estate investment trust’s stock valued at $1,621,000 after purchasing an additional 91,305 shares during the period. Finally, Centersquare Investment Management LLC lifted its stake in shares of Douglas Emmett by 20.8% in the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock valued at $59,817,000 after purchasing an additional 751,419 shares during the last quarter. Hedge funds and other institutional investors 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.