Douglas Emmett (NYSE:DEI) PT Raised to $16.00 at Evercore ISI

Douglas Emmett (NYSE:DEI) had its price target boosted by Evercore ISI from $15.00 to $16.00 in a report published on Wednesday, Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. Piper Sandler upped their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock a neutral rating in a research note on Monday, August 12th. StockNews.com raised Douglas Emmett from a sell rating to a hold rating in a research note on Monday, May 20th. Finally, Scotiabank lifted their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a sector perform rating in a research report on Monday, August 26th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $15.20.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock opened at $16.00 on Wednesday. Douglas Emmett has a 12 month low of $10.76 and a 12 month high of $16.57. The firm has a market capitalization of $2.68 billion, a P/E ratio of -51.61 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. The business has a fifty day simple moving average of $14.74 and a two-hundred day simple moving average of $13.95.

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

Insider Buying and Selling at Douglas Emmett

In other Douglas Emmett news, Director William E. Simon, Jr. purchased 45,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was purchased at an average price of $13.15 per share, for a total transaction of $591,750.00. Following the completion of the purchase, the director now directly owns 45,000 shares of the company’s stock, valued at $591,750. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 14.70% of the company’s stock.

Institutional Trading of Douglas Emmett

A number of large investors have recently made changes to their positions in the stock. Inspire Investing LLC lifted its position in Douglas Emmett by 3.4% during the second quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust’s stock valued at $353,000 after purchasing an additional 883 shares during the period. Arizona State Retirement System raised its stake in Douglas Emmett by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust’s stock valued at $624,000 after buying an additional 1,027 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Douglas Emmett by 3.9% during the 2nd quarter. AQR Capital Management LLC now owns 36,432 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 1,377 shares during the period. Aspire Private Capital LLC boosted its stake in shares of Douglas Emmett by 20.0% in the 2nd 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. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Douglas Emmett by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 84,200 shares of the real estate investment trust’s stock worth $1,121,000 after acquiring an additional 1,600 shares during the period. 97.37% 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.