Douglas Emmett, Inc. (DEI) Stock Rating Reaffirmed by Mizuho
Douglas Emmett, Inc. (NYSE:DEI)‘s stock had its “hold” rating reissued by research analysts at Mizuho in a research report issued on Friday. They currently have a $41.00 target price on the real estate investment trust’s stock. Mizuho’s price objective would indicate a potential upside of 3.17% from the stock’s current price.
DEI has been the topic of several other research reports. BidaskClub lowered Douglas Emmett from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Janney Montgomery Scott started coverage on Douglas Emmett in a research report on Friday, September 8th. They set a “neutral” rating on the stock. Barclays PLC cut their target price on Douglas Emmett from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 18th. Stifel Nicolaus raised Douglas Emmett from a “hold” rating to a “buy” rating and raised their target price for the stock from $38.00 to $42.00 in a research report on Wednesday, August 2nd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Douglas Emmett currently has an average rating of “Hold” and an average price target of $39.78.
Shares of Douglas Emmett (NYSE DEI) traded up 1.20% during midday trading on Friday, hitting $39.74. The stock had a trading volume of 574,128 shares. The firm has a 50 day moving average price of $39.63 and a 200 day moving average price of $38.65. The stock has a market cap of $6.47 billion, a PE ratio of 67.93 and a beta of 0.70. Douglas Emmett has a one year low of $33.78 and a one year high of $41.12.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $199.60 million during the quarter, compared to analyst estimates of $198.60 million. Douglas Emmett had a net margin of 12.00% and a return on equity of 2.95%. Douglas Emmett’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. On average, equities analysts forecast that Douglas Emmett will post $0.56 earnings per share for the current fiscal year.
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In related news, Chairman Dan A. Emmett sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $38.99, for a total transaction of $3,899,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 17.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in DEI. Teachers Advisors LLC grew its stake in Douglas Emmett by 3.3% during the 1st quarter. Teachers Advisors LLC now owns 200,090 shares of the real estate investment trust’s stock worth $7,683,000 after buying an additional 6,471 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Douglas Emmett by 9.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 299 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Douglas Emmett by 0.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,554 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 64 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Douglas Emmett by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,957,067 shares of the real estate investment trust’s stock worth $75,150,000 after buying an additional 35,249 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Douglas Emmett by 82.7% during the 1st quarter. Renaissance Technologies LLC now owns 237,300 shares of the real estate investment trust’s stock worth $9,112,000 after buying an additional 107,400 shares during the last quarter. Hedge funds and other institutional investors own 96.04% 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).
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