Douglas Emmett’s (DEI) Buy Rating Reaffirmed at Robert W. Baird

Robert W. Baird reissued their buy rating on shares of Douglas Emmett (NYSE:DEI) in a research note released on Tuesday. They currently have a $45.00 target price on the real estate investment trust’s stock.

A number of other brokerages have also recently weighed in on DEI. Stifel Nicolaus reaffirmed a buy rating and set a $43.00 price target (up from $42.00) on shares of Douglas Emmett in a research report on Thursday, November 9th. Zacks Investment Research cut shares of Douglas Emmett from a hold rating to a sell rating in a research report on Monday, October 16th. TheStreet raised shares of Douglas Emmett from a c+ rating to a b- rating in a research report on Wednesday, November 15th. Mizuho reaffirmed a hold rating and set a $41.00 price target on shares of Douglas Emmett in a research report on Friday, October 27th. Finally, KeyCorp reaffirmed a hold rating on shares of Douglas Emmett in a research report on Sunday, September 24th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Douglas Emmett presently has an average rating of Hold and an average target price of $41.13.

Shares of Douglas Emmett (NYSE DEI) traded down $0.21 during mid-day trading on Tuesday, reaching $38.36. 899,000 shares of the company’s stock were exchanged, compared to its average volume of 862,208. The firm has a market capitalization of $6,538.59, a PE ratio of 72.38, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. Douglas Emmett has a 1 year low of $35.98 and a 1 year high of $41.59.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The firm 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%. Douglas Emmett’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. sell-side analysts expect that Douglas Emmett will post 1.9 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.25 per share. This is a boost from Douglas Emmett’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, December 28th. Douglas Emmett’s payout ratio is presently 188.68%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AXA lifted its position in shares of Douglas Emmett by 441.6% during the third quarter. AXA now owns 221,942 shares of the real estate investment trust’s stock worth $8,749,000 after purchasing an additional 180,963 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Douglas Emmett by 6.7% during the third quarter. New Mexico Educational Retirement Board now owns 22,353 shares of the real estate investment trust’s stock worth $881,000 after purchasing an additional 1,400 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Douglas Emmett by 3.6% during the third quarter. Public Employees Retirement System of Ohio now owns 237,229 shares of the real estate investment trust’s stock worth $9,352,000 after purchasing an additional 8,188 shares in the last quarter. Eii Capital Management Inc. acquired a new position in shares of Douglas Emmett during the third quarter worth $1,578,000. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Douglas Emmett by 5.1% during the third quarter. Ameritas Investment Partners Inc. now owns 46,187 shares of the real estate investment trust’s stock worth $1,799,000 after purchasing an additional 2,240 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Douglas Emmett’s (DEI) Buy Rating Reaffirmed at Robert W. Baird” was originally posted by BBNS and is owned by of BBNS. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://baseballnewssource.com/markets/douglas-emmetts-dei-buy-rating-reaffirmed-at-robert-w-baird/1828048.html.

Douglas Emmett Company Profile

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).

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with our FREE daily email newsletter.

 


Latest News

Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
Trade Rumor: Manny Machado Could Land With Yankees
Trade Rumor: Manny Machado Could Land With Yankees
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal


Leave a Reply

 
© 2006-2018 BBNS.