Douglas Emmett, Inc. (NYSE:DEI) had its target price raised by investment analysts at Robert W. Baird from $45.00 to $47.00 in a report released on Friday, November 10th. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective points to a potential upside of 15.56% from the company’s current price.
Several other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, July 18th. Janney Montgomery Scott began coverage on shares of Douglas Emmett in a research note on Friday, September 8th. They set a “neutral” rating on the stock. BidaskClub raised shares of Douglas Emmett from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Barclays PLC reduced their target price on shares of Douglas Emmett from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 18th. Finally, Mizuho reissued a “hold” rating and issued a $41.00 price target on shares of Douglas Emmett in a research note on Friday, October 27th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.60.
Shares of Douglas Emmett (NYSE DEI) traded down $0.35 during trading on Friday, reaching $40.67. 642,700 shares of the company traded hands, compared to its average volume of 742,321. The company has a market cap of $6,953.93, a P/E ratio of 21.70, a P/E/G ratio of 3.36 and a beta of 0.72. Douglas Emmett has a one year low of $35.27 and a one year high of $41.15.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $208.75 million for the quarter, compared to analysts’ expectations of $203.99 million. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. equities research analysts expect that Douglas Emmett will post 1.9 EPS for the current year.
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In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $38.99, for a total transaction of $3,899,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.80% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in Douglas Emmett by 9.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 299 shares during the last quarter. Advisor Group Inc. raised its position in Douglas Emmett by 451.6% during the 3rd quarter. Advisor Group Inc. now owns 4,065 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 3,328 shares during the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of Douglas Emmett in the 2nd quarter valued at about $206,000. Timber Hill LLC purchased a new position in shares of Douglas Emmett in the 3rd quarter valued at about $206,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Douglas Emmett in the 3rd quarter valued at about $206,000. Institutional investors own 93.58% of the company’s stock.
About Douglas Emmett
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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