Analysts Set Douglas Emmett, Inc. (NYSE:DEI) PT at $13.67

Douglas Emmett, Inc. (NYSE:DEI) has been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $13.67.

DEI has been the topic of several recent research reports. Piper Sandler decreased their price target on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. StockNews.com upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 20th.

Douglas Emmett Price Performance

NYSE DEI opened at $13.38 on Wednesday. Douglas Emmett has a 12 month low of $10.76 and a 12 month high of $16.12. The company has a debt-to-equity ratio of 1.45, a current ratio of 4.42 and a quick ratio of 4.42. The firm has a market capitalization of $2.24 billion, a PE ratio of -43.15 and a beta of 1.05. The company’s 50 day simple moving average is $13.63 and its 200 day simple moving average is $13.57.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.68%. The ex-dividend date was Wednesday, March 27th. Douglas Emmett’s dividend payout ratio is currently -245.16%.

Institutional Investors Weigh In On Douglas Emmett

Large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in Douglas Emmett by 12.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,119,643 shares of the real estate investment trust’s stock worth $45,235,000 after purchasing an additional 349,034 shares in the last quarter. Wellington Management Group LLP lifted its position in Douglas Emmett by 26.8% during the 3rd quarter. Wellington Management Group LLP now owns 9,201,972 shares of the real estate investment trust’s stock worth $117,417,000 after acquiring an additional 1,947,720 shares during the last quarter. Rush Island Management LP lifted its position in Douglas Emmett by 271.4% during the 3rd quarter. Rush Island Management LP now owns 4,152,516 shares of the real estate investment trust’s stock worth $52,986,000 after acquiring an additional 3,034,375 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in Douglas Emmett by 8.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 331,927 shares of the real estate investment trust’s stock worth $4,813,000 after acquiring an additional 26,766 shares during the last quarter. Finally, Cooper Financial Group acquired a new position in Douglas Emmett during the 4th quarter worth $6,799,000. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Company Profile

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.