Douglas Emmett (NYSE:DEI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “DOUGLAS EMMETT INC is a fully integrated, self-administered and self-managed real estate investment trust and one of the largest owners and operators of high-quality office and multifamily properties located in premier submarkets in California and Hawaii. The Company’s properties are concentrated in ten submarkets Brentwood, Olympic Corridor, Century City, Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, Burbank and Honolulu. The Company focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities. “

Several other equities analysts have also commented on DEI. Stifel Nicolaus reiterated a “buy” rating and issued a $42.00 target price on shares of Douglas Emmett in a research note on Thursday, September 21st. KeyCorp reiterated a “hold” rating on shares of Douglas Emmett in a research note on Sunday, September 24th. Mizuho reiterated a “hold” rating and issued a $41.00 target price on shares of Douglas Emmett in a research note on Friday, October 27th. Robert W. Baird upped their target price on Douglas Emmett from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, TheStreet upgraded Douglas Emmett from a “c+” rating to a “b-” rating in a research note on Wednesday, November 15th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $41.13.

Douglas Emmett (NYSE:DEI) traded up $0.20 during trading on Tuesday, reaching $38.56. The company had a trading volume of 700,800 shares, compared to its average volume of 913,460. The firm has a market capitalization of $6,500.00, a price-to-earnings ratio of 74.15, a P/E/G ratio of 2.99 and a beta of 0.71. Douglas Emmett has a 52-week low of $36.60 and a 52-week high of $41.59.

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

A number of large investors have recently made changes to their positions in DEI. FMR LLC increased its stake in Douglas Emmett by 9.8% during the second quarter. FMR LLC now owns 11,749,721 shares of the real estate investment trust’s stock worth $448,956,000 after acquiring an additional 1,049,842 shares during the last quarter. Cohen & Steers Inc. increased its stake in Douglas Emmett by 7.0% during the third quarter. Cohen & Steers Inc. now owns 15,328,882 shares of the real estate investment trust’s stock worth $604,265,000 after acquiring an additional 1,000,650 shares during the last quarter. Balyasny Asset Management LLC increased its stake in Douglas Emmett by 476.6% during the second quarter. Balyasny Asset Management LLC now owns 835,184 shares of the real estate investment trust’s stock worth $31,912,000 after acquiring an additional 690,349 shares during the last quarter. Renaissance Technologies LLC increased its stake in Douglas Emmett by 272.9% during the second quarter. Renaissance Technologies LLC now owns 885,000 shares of the real estate investment trust’s stock worth $33,816,000 after acquiring an additional 647,700 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Douglas Emmett by 3.6% during the second quarter. BlackRock Inc. now owns 16,639,474 shares of the real estate investment trust’s stock worth $635,797,000 after acquiring an additional 576,163 shares during the last quarter. Institutional investors own 96.50% of the company’s stock.

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Douglas Emmett Company Profile

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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