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

Douglas Emmett (NYSE:DEI) had its price target boosted by research analysts at Citigroup from $14.00 to $16.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price target indicates a potential downside of 1.72% from the company’s current price.

DEI has been the topic of a number of other reports. Evercore ISI increased their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. raised their price target on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday. Scotiabank increased their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Piper Sandler increased their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, StockNews.com raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Douglas Emmett has a consensus rating of “Hold” and a consensus target price of $15.88.

Douglas Emmett Stock Up 2.5 %

NYSE:DEI traded up $0.40 during trading hours on Thursday, hitting $16.28. The company’s stock had a trading volume of 1,046,588 shares, compared to its average volume of 1,671,207. The stock has a fifty day moving average of $15.13 and a 200-day moving average of $14.08. The stock has a market capitalization of $2.72 billion, a P/E ratio of -52.52 and a beta of 1.10. Douglas Emmett has a 52-week low of $10.76 and a 52-week high of $16.57. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 1.47.

Douglas Emmett (NYSE:DEI) last announced 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). Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The business had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $246.62 million. During the same period last year, the company earned $0.48 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities analysts forecast that Douglas Emmett will post 1.67 earnings per share for the current year.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors and hedge funds have recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new stake in shares of Douglas Emmett during the second quarter worth about $32,000. Frazier Financial Advisors LLC purchased a new stake in shares of Douglas Emmett during the 4th quarter valued at about $46,000. Quarry LP lifted its holdings in shares of Douglas Emmett by 155.0% during the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,505 shares during the period. Aspire Private Capital LLC grew its position 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 valued at $127,000 after buying an additional 1,592 shares during the period. Finally, Xponance Inc. bought a new position in shares of Douglas Emmett in the second quarter worth about $137,000. 97.37% of the stock is owned by hedge funds and other 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.