Douglas Emmett Sets New 12-Month High at $29.37 (DEI)
Douglas Emmett (NYSE:DEI) hit a new 52-week high during mid-day trading on Friday , Analyst Ratings News reports. The company traded as high as $29.37 and last traded at $28.87, with a volume of 291,212 shares trading hands. The stock had previously closed at $29.29.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Douglas Emmett in a research note on Thursday, May 29th. They now have a $30.00 price target on the stock, up previously from $28.00. Separately, analysts at Wells Fargo & Co. downgraded shares of Douglas Emmett from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 13th. Finally, analysts at KeyCorp raised their price target on shares of Douglas Emmett from $29.00 to $30.00 in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.57.
The stock has a 50-day moving average of $27.94 and a 200-day moving average of $25.88. The company has a market cap of $4.136 billion and a price-to-earnings ratio of 92.69.
Douglas Emmett (NYSE:DEI) last released its earnings data on Tuesday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $148.90 million for the quarter, compared to the consensus estimate of $149.61 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Douglas Emmett will post $1.60 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Thursday, June 26th.
Douglas Emmett, Inc is a self-administered and self-managed Real Estate Investment Trust (NYSE:DEI).
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