Douglas Emmett Given Consensus Rating of “Hold” by Brokerages (NYSE:DEI)
Shares of Douglas Emmett (NYSE:DEI) have received an average recommendation of “Hold” from the ten analysts that are presently covering the company, Analyst Ratings Network reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $28.00.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 75,999 shares of Douglas Emmett stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $28.31, for a total value of $2,151,531.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Douglas Emmett (NYSE:DEI) opened at 28.53 on Tuesday. Douglas Emmett has a 1-year low of $22.27 and a 1-year high of $29.56. The stock’s 50-day moving average is $28.59 and its 200-day moving average is $27.82. The company has a market cap of $4.119 billion and a price-to-earnings ratio of 90.99.
Douglas Emmett (NYSE:DEI) last released its earnings data on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the analysts’ 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 $151.57 million. During the same quarter last year, the company posted $0.37 earnings per share. Douglas Emmett’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that Douglas Emmett will post $1.61 earnings per share for the current fiscal year.
A number of research firms have recently commented on DEI. Analysts at Stifel Nicolaus downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Monday, August 4th. They noted that the move was a valuation call. Separately, analysts at Cowen and Company raised their price target on shares of Douglas Emmett from $3.00 to $27.00 in a research note on Tuesday, July 29th. Finally, analysts at Mizuho initiated coverage on shares of Douglas Emmett in a research note on Wednesday, July 23rd. They set a “buy” rating on the stock.
Douglas Emmett, Inc is a self-administered and self-managed Real Estate Investment Trust (NYSE:DEI).
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