Douglas Emmett, Inc. (DEI) Given Consensus Rating of “Hold” by Analysts

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $41.50.

DEI has been the topic of a number of analyst reports. Bank of America decreased their price target on Douglas Emmett from $44.00 to $42.50 and set a “buy” rating on the stock in a research note on Monday, September 10th. Mizuho raised Douglas Emmett from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $39.00 to $44.00 in a research note on Monday, June 18th. Zacks Investment Research raised Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, June 6th. Stifel Nicolaus lifted their price objective on Douglas Emmett from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Citigroup lifted their price objective on Douglas Emmett from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th.

Several hedge funds have recently modified their holdings of the company. Mason Street Advisors LLC boosted its position in shares of Douglas Emmett by 2.0% during the first quarter. Mason Street Advisors LLC now owns 80,057 shares of the real estate investment trust’s stock valued at $2,943,000 after purchasing an additional 1,549 shares in the last quarter. Amalgamated Bank boosted its position in shares of Douglas Emmett by 5.2% during the first quarter. Amalgamated Bank now owns 34,934 shares of the real estate investment trust’s stock valued at $1,284,000 after purchasing an additional 1,711 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Douglas Emmett by 3.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 62,426 shares of the real estate investment trust’s stock valued at $2,508,000 after purchasing an additional 1,795 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Douglas Emmett by 23.2% during the second quarter. Riverhead Capital Management LLC now owns 10,075 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its position in shares of Douglas Emmett by 21.1% during the second quarter. Vident Investment Advisory LLC now owns 12,662 shares of the real estate investment trust’s stock valued at $509,000 after purchasing an additional 2,205 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Shares of Douglas Emmett stock opened at $38.58 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.30 and a current ratio of 2.30. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 2.84 and a beta of 0.59. Douglas Emmett has a one year low of $34.72 and a one year high of $41.59.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.31). The company had revenue of $219.47 million during the quarter, compared to analysts’ expectations of $215.12 million. Douglas Emmett had a return on equity of 2.96% and a net margin of 13.94%. equities analysts expect that Douglas Emmett will post 2.02 EPS for the current fiscal year.

Douglas Emmett Company Profile

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett 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.

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Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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