Douglas Emmett, Inc. (NYSE:DEI) Given Average Recommendation of “Hold” by Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.00.

A number of analysts have weighed in on the company. Piper Sandler cut Douglas Emmett from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $14.00 in a research report on Thursday, November 6th. Jefferies Financial Group reissued a “hold” rating on shares of Douglas Emmett in a report on Tuesday, November 11th. Wells Fargo & Company decreased their price objective on shares of Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. UBS Group cut shares of Douglas Emmett to a “sector perform” rating in a research note on Wednesday, January 14th. Finally, Scotiabank reduced their target price on Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating on the stock in a report on Monday, November 17th.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock opened at $10.46 on Friday. The firm has a market cap of $1.75 billion, a P/E ratio of 87.13 and a beta of 1.14. The firm’s 50-day simple moving average is $11.19 and its 200-day simple moving average is $13.34. Douglas Emmett has a twelve month low of $10.21 and a twelve month high of $18.24. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.03 and a current ratio of 3.03.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $250.58 million for the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a return on equity of 0.62% and a net margin of 2.22%.The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. As a group, research analysts expect that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.3%. The ex-dividend date was Wednesday, December 31st. Douglas Emmett’s dividend payout ratio is presently 633.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DEI. Alyeska Investment Group L.P. grew its holdings in Douglas Emmett by 142.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,544,575 shares of the real estate investment trust’s stock worth $39,619,000 after acquiring an additional 1,496,132 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Douglas Emmett by 93.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,311,991 shares of the real estate investment trust’s stock worth $34,772,000 after purchasing an additional 1,117,668 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Douglas Emmett by 18.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,684,450 shares of the real estate investment trust’s stock valued at $88,507,000 after purchasing an additional 899,233 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Douglas Emmett in the third quarter valued at approximately $11,399,000. Finally, Verition Fund Management LLC raised its position in Douglas Emmett by 662.4% in the 3rd quarter. Verition Fund Management LLC now owns 590,319 shares of the real estate investment trust’s stock worth $9,191,000 after purchasing an additional 512,895 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

About Douglas Emmett

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.