Douglas Emmett, Inc. (NYSE:DEI) had its target price boosted by Robert W. Baird from $45.00 to $47.00 in a research report released on Friday morning. Robert W. Baird currently has an outperform rating on the real estate investment trust’s stock.
Several other equities research analysts have also recently commented on DEI. Zacks Investment Research upgraded shares of Douglas Emmett from a hold rating to a buy rating and set a $43.00 price target for the company in a research report on Tuesday, July 18th. Janney Montgomery Scott assumed coverage on shares of Douglas Emmett in a research report on Friday, September 8th. They set a neutral rating for the company. BidaskClub upgraded shares of Douglas Emmett from a strong sell rating to a sell rating in a research report on Saturday, August 26th. Barclays PLC lowered their price target on shares of Douglas Emmett from $36.00 to $35.00 and set an underweight rating for the company in a research report on Tuesday, July 18th. Finally, Mizuho reiterated a hold rating and set a $41.00 price target on shares of Douglas Emmett in a research report on Friday, October 27th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $40.60.
Douglas Emmett (DEI) traded up $0.38 on Friday, reaching $40.51. 1,051,800 shares of the company’s stock traded hands, compared to its average volume of 749,027. The firm has a market cap of $6,803.05, a PE ratio of 21.23, a PEG ratio of 3.22 and a beta of 0.72. Douglas Emmett has a 52-week low of $33.78 and a 52-week high of $41.12.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $208.75 million during 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 company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. equities research analysts expect that Douglas Emmett will post 1.9 earnings per share for the current fiscal year.
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In related news, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 17.80% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. boosted its stake in Douglas Emmett by 7.0% during the 3rd quarter. Cohen & Steers Inc. now owns 15,328,882 shares of the real estate investment trust’s stock worth $604,265,000 after acquiring an additional 1,000,650 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Douglas Emmett by 3.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 322,262 shares of the real estate investment trust’s stock worth $12,649,000 after acquiring an additional 10,415 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Douglas Emmett by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,087,240 shares of the real estate investment trust’s stock worth $82,278,000 after acquiring an additional 37,927 shares during the last quarter. BB&T Securities LLC bought a new position in Douglas Emmett during the 3rd quarter worth approximately $327,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Douglas Emmett by 11.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,458,134 shares of the real estate investment trust’s stock worth $57,480,000 after acquiring an additional 153,587 shares during the last quarter. 95.88% of the stock is currently owned by institutional investors and hedge funds.
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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