Research analysts at Janney Montgomery Scott initiated coverage on shares of Douglas Emmett, Inc. (NYSE:DEI) in a note issued to investors on Friday, The Fly reports. The firm set a “neutral” rating on the real estate investment trust’s stock.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Tuesday, July 18th. DA Davidson cut shares of Douglas Emmett from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $45.00 to $43.00 in a research report on Thursday, May 18th. BidaskClub cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Barclays PLC reduced their price target on shares of Douglas Emmett from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $39.00 price target on shares of Douglas Emmett in a research report on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Douglas Emmett presently has an average rating of “Hold” and an average target price of $39.56.

Douglas Emmett (NYSE DEI) opened at 38.72 on Friday. Douglas Emmett has a 12 month low of $33.78 and a 12 month high of $40.79. The company has a 50-day moving average price of $38.15 and a 200 day moving average price of $38.48. The firm has a market cap of $6.31 billion, a PE ratio of 66.19 and a beta of 0.69.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by $0.01. Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. The company had revenue of $199.60 million for the quarter, compared to the consensus estimate of $198.60 million. During the same period in the previous year, the business posted $0.46 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts anticipate that Douglas Emmett will post $0.55 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/09/08/douglas-emmett-inc-dei-earns-neutral-rating-from-analysts-at-janney-montgomery-scott.html.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $37.96, for a total value of $3,796,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 300,000 shares of company stock worth $11,490,000 in the last three months. 17.80% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Douglas Emmett by 0.7% in the second quarter. Vanguard Group Inc. now owns 23,050,527 shares of the real estate investment trust’s stock valued at $880,761,000 after purchasing an additional 152,639 shares during the period. BlackRock Inc. increased its stake in shares of Douglas Emmett by 3.6% in the second quarter. BlackRock Inc. now owns 16,639,474 shares of the real estate investment trust’s stock valued at $635,797,000 after purchasing an additional 576,163 shares during the period. FMR LLC increased its stake in shares of Douglas Emmett by 9.8% in the second quarter. FMR LLC now owns 11,749,721 shares of the real estate investment trust’s stock valued at $448,956,000 after purchasing an additional 1,049,842 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Douglas Emmett by 12.8% in the second quarter. Bank of New York Mellon Corp now owns 7,582,021 shares of the real estate investment trust’s stock valued at $289,711,000 after purchasing an additional 863,062 shares during the period. Finally, State Street Corp increased its stake in shares of Douglas Emmett by 1.9% in the second quarter. State Street Corp now owns 6,359,006 shares of the real estate investment trust’s stock valued at $242,980,000 after purchasing an additional 119,090 shares during the period. Institutional investors own 96.16% of the company’s stock.

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).

The Fly

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

Receive News & Ratings for Douglas Emmett Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett Inc. and related companies with MarketBeat.com's FREE daily email newsletter.