Douglas Emmett (NYSE:DEI) Hits New 52-Week Low at $12.27

Douglas Emmett, Inc. (NYSE:DEI – Get Rating)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $12.27 and last traded at $12.42, with a volume of 211774 shares changing hands. The stock had previously closed at $12.61.

Analysts Set New Price Targets

Several equities analysts recently commented on DEI shares. Wells Fargo & Company cut their target price on shares of Douglas Emmett to $18.00 in a research note on Wednesday, December 14th. Piper Sandler reiterated a “neutral” rating and set a $18.00 target price on shares of Douglas Emmett in a research note on Wednesday, February 8th. Citigroup cut their target price on shares of Douglas Emmett from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, December 12th. Jefferies Financial Group cut shares of Douglas Emmett from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $17.00 to $13.00 in a research note on Monday, January 2nd. Finally, BMO Capital Markets cut shares of Douglas Emmett from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $21.00 to $13.00 in a research note on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.22.

Douglas Emmett Trading Down 4.1 %

The company’s fifty day moving average price is $15.26 and its two-hundred day moving average price is $16.71. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.21. The firm has a market cap of $2.15 billion, a P/E ratio of 22.20 and a beta of 0.94.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend is Thursday, March 30th. Douglas Emmett’s dividend payout ratio is currently 138.18%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DEI. HighTower Advisors LLC bought a new position in shares of Douglas Emmett in the 1st quarter valued at about $210,000. PNC Financial Services Group Inc. boosted its stake in shares of Douglas Emmett by 16.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,420 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 1,071 shares during the last quarter. Natixis Advisors L.P. bought a new position in shares of Douglas Emmett in the 1st quarter valued at about $371,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Douglas Emmett by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,314 shares of the real estate investment trust’s stock valued at $2,149,000 after purchasing an additional 6,132 shares during the last quarter. Finally, APG Asset Management N.V. bought a new position in shares of Douglas Emmett in the 1st quarter valued at about $448,000. Institutional investors own 97.25% of the company’s stock.

Douglas Emmett Company Profile

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Douglas Emmett, Inc is a real estate investment trust, engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.