Douglas Emmett, Inc. (NYSE:DEI) Receives $18.13 Consensus Price Target from Analysts

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been assigned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $18.13.

Several research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Piper Sandler decreased their price objective on shares of Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. Wells Fargo & Company cut their target price on Douglas Emmett from $20.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Finally, Jefferies Financial Group initiated coverage on Douglas Emmett in a research report on Monday, March 17th. They issued a “hold” rating and a $16.00 price target for the company.

Douglas Emmett Stock Up 1.7%

DEI opened at $14.46 on Friday. The company has a market capitalization of $2.42 billion, a PE ratio of 111.21 and a beta of 1.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. Douglas Emmett has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The business has a 50-day moving average of $14.32 and a 200-day moving average of $16.56.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $251.54 million for the quarter, compared to the consensus estimate of $246.49 million. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. Equities research analysts forecast that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 5.26%. Douglas Emmett’s payout ratio is presently 237.50%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Summit Investment Advisors Inc. grew its position in shares of Douglas Emmett by 4.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 738 shares during the last quarter. Cetera Investment Advisers increased its position in Douglas Emmett by 7.6% in the 1st quarter. Cetera Investment Advisers now owns 11,454 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 809 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Douglas Emmett by 0.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust’s stock worth $3,386,000 after buying an additional 860 shares during the period. FIL Ltd lifted its holdings in shares of Douglas Emmett by 19.0% during the fourth quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 884 shares during the last quarter. Finally, Xponance Inc. boosted its position in shares of Douglas Emmett by 8.6% in the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 920 shares during the period. Institutional investors own 97.37% of the company’s stock.

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.