Douglas Emmett, Inc. (NYSE:DEI) Receives Consensus Rating of “Hold” from Analysts

Douglas Emmett, Inc. (NYSE:DEI) has received an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $16.71.

DEI has been the topic of several recent analyst reports. Piper Sandler increased their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Citigroup increased their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company boosted their price objective on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Scotiabank increased their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th.

Douglas Emmett Trading Down 4.6 %

Shares of NYSE:DEI opened at $18.16 on Wednesday. The company has a current ratio of 4.09, a quick ratio of 5.11 and a debt-to-equity ratio of 1.51. Douglas Emmett has a 12-month low of $10.76 and a 12-month high of $19.59. The business has a 50 day moving average of $17.59 and a two-hundred day moving average of $15.45. The company has a market capitalization of $3.04 billion, a PE ratio of -181.60 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The firm had revenue of $250.75 million for the quarter, compared to analysts’ expectations of $242.75 million. During the same period last year, the firm earned $0.45 earnings per share. Douglas Emmett’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts forecast that Douglas Emmett will post 1.7 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Monday, September 30th. Douglas Emmett’s dividend payout ratio is currently -760.00%.

Institutional Investors Weigh In On Douglas Emmett

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its position in shares of Douglas Emmett by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock valued at $107,681,000 after buying an additional 165,425 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in 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 acquiring an additional 751,419 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Douglas Emmett by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after purchasing an additional 127,274 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Douglas Emmett by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock worth $33,212,000 after purchasing an additional 186,385 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Douglas Emmett by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,417,865 shares of the real estate investment trust’s stock worth $32,182,000 after purchasing an additional 24,272 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.