Shares of Douglas Emmett, Inc. (NYSE:DEI) have received a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.00.

A number of research analysts have commented on the company. BidaskClub cut Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Barclays PLC boosted their price target on Douglas Emmett from $35.00 to $36.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 19th. Stifel Nicolaus upgraded Douglas Emmett from a “hold” rating to a “buy” rating and boosted their price target for the stock from $38.00 to $42.00 in a research note on Tuesday. Zacks Investment Research cut Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $39.00 price target on shares of Douglas Emmett in a research note on Tuesday, July 4th.

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Shares of Douglas Emmett (DEI) opened at 37.53 on Friday. The firm’s 50-day moving average price is $38.01 and its 200 day moving average price is $38.48. The stock has a market cap of $5.85 billion, a P/E ratio of 64.15 and a beta of 0.69. Douglas Emmett has a one year low of $33.78 and a one year high of $40.79.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $199.60 million for the quarter, compared to analyst estimates of $198.60 million. Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. Equities research analysts expect that Douglas Emmett will post $0.56 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Wednesday, June 28th. Douglas Emmett’s dividend payout ratio (DPR) is presently 155.93%.

In other news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $38.97, for a total transaction of $3,897,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 300,000 shares of company stock valued at $11,487,000 over the last ninety days. Corporate insiders own 17.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in Douglas Emmett by 9.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 299 shares during the period. Tyers Asset Management LLC raised its position in Douglas Emmett by 23.5% in the first quarter. Tyers Asset Management LLC now owns 5,376 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 1,024 shares during the period. Virtu KCG Holdings LLC bought a new position in Douglas Emmett during the second quarter valued at approximately $206,000. Clinton Group Inc. bought a new position in Douglas Emmett during the first quarter valued at approximately $222,000. Finally, Riverhead Capital Management LLC raised its position in Douglas Emmett by 68.1% in the second quarter. Riverhead Capital Management LLC now owns 6,220 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 2,520 shares during the period. 97.43% of the stock is owned by institutional investors.

About Douglas Emmett

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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