Analysts Set Douglas Emmett, Inc. (NYSE:DEI) Target Price at $15.88

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been given an average rating of “Hold” by the eight analysts that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $15.88.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Scotiabank raised their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Evercore ISI boosted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Wells Fargo & Company increased their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Finally, Piper Sandler boosted their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th.

Douglas Emmett Stock Up 1.2 %

Douglas Emmett stock opened at $17.53 on Tuesday. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of -56.55 and a beta of 1.10. The firm’s fifty day moving average price is $15.84 and its two-hundred day moving average price is $14.39. Douglas Emmett has a 1-year low of $10.76 and a 1-year high of $17.75. 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 issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts predict that Douglas Emmett will post 1.67 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be paid a $0.19 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 4.34%. Douglas Emmett’s payout ratio is presently -245.16%.

Institutional Investors Weigh In On Douglas Emmett

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DEI. Wolverine Asset Management LLC purchased a new position in shares of Douglas Emmett in the second quarter worth about $32,000. Quarry LP boosted its holdings in shares of Douglas Emmett by 155.0% in the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 2,505 shares during the period. Aspire Private Capital LLC grew its position in shares of Douglas Emmett by 20.0% in 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 purchasing an additional 1,592 shares in the last quarter. Xponance Inc. purchased a new position in shares of Douglas Emmett in the second quarter valued at $137,000. Finally, Choreo LLC bought a new stake in shares of Douglas Emmett during the 2nd quarter valued at $147,000. 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.