Douglas Emmett, Inc. (NYSE:DEI) Receives Consensus Recommendation of “Hold” from Analysts

Douglas Emmett, Inc. (NYSE:DEI) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $13.67.

A number of research analysts have commented on the stock. Jefferies Financial Group upgraded shares of Douglas Emmett from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $10.00 to $15.00 in a research note on Tuesday, January 2nd. Piper Sandler dropped their price target on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DEI. GAMMA Investing LLC acquired a new position in Douglas Emmett during the fourth quarter worth about $43,000. Frazier Financial Advisors LLC acquired a new position in Douglas Emmett during the fourth quarter worth about $46,000. Quarry LP acquired a new position in Douglas Emmett during the fourth quarter worth about $57,000. Aspire Private Capital LLC grew its position in Douglas Emmett by 34.7% during the third quarter. Aspire Private Capital LLC now owns 9,850 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 2,535 shares during the period. Finally, Metis Global Partners LLC acquired a new position in Douglas Emmett during the fourth quarter worth about $156,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Trading Up 0.5 %

NYSE DEI opened at $13.38 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.91 and a current ratio of 4.91. The firm has a market cap of $2.24 billion, a PE ratio of -51.46 and a beta of 1.07. Douglas Emmett has a one year low of $10.09 and a one year high of $16.12. The firm’s fifty day moving average is $13.40 and its two-hundred day moving average is $13.27.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.68%. Douglas Emmett’s dividend payout ratio (DPR) is -292.31%.

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.