Douglas Emmett, Inc. (NYSE:DEI) Receives $18.50 Consensus Target Price from Analysts

Shares of Douglas Emmett, Inc. (NYSE:DEI) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.50.

Several research firms have recently issued reports on DEI. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a report on Monday, January 13th. Jefferies Financial Group began coverage on Douglas Emmett in a research note on Monday, March 17th. They set a “hold” rating and a $16.00 price objective for the company. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th.

Douglas Emmett Price Performance

Shares of DEI stock opened at $14.48 on Wednesday. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 111.39 and a beta of 1.21. The business’s fifty day moving average is $14.93 and its 200 day moving average is $17.03. Douglas Emmett has a twelve month low of $12.39 and a twelve month high of $20.50.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. The firm had revenue of $251.54 million for the quarter, compared to the consensus estimate of $246.49 million. During the same period in the prior year, the firm earned $0.45 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Research analysts expect that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.19 per share. The ex-dividend date was Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.25%. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Hedge Funds Weigh In On Douglas Emmett

A number of hedge funds have recently bought and sold shares of DEI. Tower Research Capital LLC TRC grew its stake in shares of Douglas Emmett by 203.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,964 shares during the period. GF Fund Management CO. LTD. purchased a new stake in Douglas Emmett in the fourth quarter worth approximately $56,000. Smartleaf Asset Management LLC grew its position in Douglas Emmett by 222.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 2,933 shares during the period. GAMMA Investing LLC raised its stake in Douglas Emmett by 19.7% during the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 750 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Douglas Emmett by 30.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 1,172 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

About Douglas Emmett

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.