Shares of Douglas Emmett, Inc. (NYSE:DEI) have received an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $40.86.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. TheStreet raised shares of Douglas Emmett from a “c+” rating to a “b-” rating in a research note on Wednesday, November 15th. Robert W. Baird lifted their target price on shares of Douglas Emmett from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $43.00 target price (up from $42.00) on shares of Douglas Emmett in a research note on Thursday, November 9th. Finally, Mizuho reaffirmed a “hold” rating and set a $41.00 target price on shares of Douglas Emmett in a research note on Friday, October 27th.

Shares of Douglas Emmett (NYSE:DEI) traded down $0.01 during midday trading on Tuesday, hitting $39.77. 1,492,300 shares of the stock traded hands, compared to its average volume of 1,042,300. Douglas Emmett has a 1-year low of $35.98 and a 1-year high of $41.59. The firm has a market capitalization of $6,740.00, a price-to-earnings ratio of 76.48, a price-to-earnings-growth ratio of 3.10 and a beta of 0.71.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The business had revenue of $208.75 million for the quarter, compared to analyst estimates of $203.99 million. During the same quarter last year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. analysts predict that Douglas Emmett will post 1.9 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.51%. This is an increase from Douglas Emmett’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, December 28th. Douglas Emmett’s payout ratio is 192.31%.

Institutional investors have recently added to or reduced their stakes in the company. Virtu KCG Holdings LLC purchased a new stake in shares of Douglas Emmett in the 2nd quarter valued at approximately $206,000. Resolution Capital Ltd raised its stake in shares of Douglas Emmett by 1.3% in the 3rd quarter. Resolution Capital Ltd now owns 2,018,267 shares of the real estate investment trust’s stock valued at $79,560,000 after acquiring an additional 26,682 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Douglas Emmett in the 2nd quarter valued at approximately $1,709,000. BlackRock Inc. raised its stake in shares of Douglas Emmett by 3.6% in the 2nd quarter. BlackRock Inc. now owns 16,639,474 shares of the real estate investment trust’s stock valued at $635,797,000 after acquiring an additional 576,163 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of Douglas Emmett by 4.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 6,425,963 shares of the real estate investment trust’s stock valued at $253,311,000 after acquiring an additional 247,203 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.

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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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