Douglas Emmett (NYSE:DEI) Raised to “Outperform” at Wedbush

Douglas Emmett (NYSE:DEI) was upgraded by Wedbush from a “neutral” rating to an “outperform” rating in a report issued on Thursday, Marketbeat Ratings reports. The firm presently has a $21.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $19.00. Wedbush’s price objective would indicate a potential upside of 10.88% from the stock’s previous close.

Several other research analysts have also recently commented on DEI. Wells Fargo & Company increased their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Evercore ISI increased their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Citigroup lifted their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.25.

Douglas Emmett Trading Up 1.0 %

NYSE DEI opened at $18.94 on Thursday. Douglas Emmett has a 52 week low of $12.35 and a 52 week high of $20.50. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The stock’s 50 day moving average price is $18.88 and its two-hundred day moving average price is $16.86. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -189.40 and a beta of 1.11.

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

Hedge Funds Weigh In On Douglas Emmett

Several institutional investors and hedge funds have recently made changes to their positions in DEI. GAMMA Investing LLC boosted its stake in Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 750 shares during the period. Inspire Investing LLC grew its stake in shares of Douglas Emmett by 3.4% in the second quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust’s stock valued at $353,000 after acquiring an additional 883 shares in the last quarter. Arizona State Retirement System increased its position in Douglas Emmett by 2.2% during the second quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 1,027 shares during the period. HighTower Advisors LLC increased its position in Douglas Emmett by 9.6% during the third quarter. HighTower Advisors LLC now owns 13,335 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 1,171 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in Douglas Emmett by 0.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,400 shares of the real estate investment trust’s stock worth $3,714,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

About Douglas Emmett

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.