Douglas Emmett (NYSE:DEI) Receives New Coverage from Analysts at KeyCorp

Equities researchers at KeyCorp initiated coverage on shares of Douglas Emmett (NYSE:DEI) in a research note issued to investors on Monday, FlyOnTheWall reports. The firm set a “sector weight” rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the company. Piper Sandler lowered Douglas Emmett from an “overweight” rating to a “neutral” rating and set a $15.00 price target on the stock. in a research note on Tuesday, September 5th. Bank of America downgraded Douglas Emmett from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $12.00 to $10.00 in a report on Tuesday, August 8th. Evercore ISI lifted their target price on Douglas Emmett from $14.00 to $15.00 and gave the stock an “in-line” rating in a report on Wednesday, August 16th. Raymond James decreased their target price on Douglas Emmett from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Friday, August 4th. Finally, StockNews.com assumed coverage on Douglas Emmett in a report on Thursday, August 17th. They set a “sell” rating for the company. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.40.

Douglas Emmett Stock Down 1.4 %

DEI traded down $0.19 on Monday, hitting $13.55. The company had a trading volume of 1,600,425 shares, compared to its average volume of 2,864,210. The stock has a fifty day moving average price of $13.67 and a 200-day moving average price of $12.79. Douglas Emmett has a 12-month low of $10.09 and a 12-month high of $22.31. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.67 and a current ratio of 2.67. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 41.06 and a beta of 1.00.

Institutional Trading of Douglas Emmett

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky increased its position in shares of Douglas Emmett by 92.2% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 54,320 shares of the real estate investment trust’s stock worth $683,000 after purchasing an additional 26,060 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Douglas Emmett during the second quarter worth approximately $188,000. Neo Ivy Capital Management purchased a new stake in shares of Douglas Emmett during the second quarter worth approximately $1,032,000. Wells Fargo & Company MN increased its position in shares of Douglas Emmett by 46.8% during the second quarter. Wells Fargo & Company MN now owns 506,715 shares of the real estate investment trust’s stock worth $6,369,000 after purchasing an additional 161,637 shares in the last quarter. Finally, Dana Investment Advisors Inc. increased its position in shares of Douglas Emmett by 12.3% during the second quarter. Dana Investment Advisors Inc. now owns 106,815 shares of the real estate investment trust’s stock worth $1,343,000 after purchasing an additional 11,735 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

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.