Douglas Emmett (NYSE:DEI)‘s stock had its “sell” rating reaffirmed by investment analysts at Barclays in a report released on Tuesday. They currently have a $37.00 price objective on the real estate investment trust’s stock. Barclays’ price target indicates a potential upside of 2.35% from the company’s previous close.
A number of other equities analysts have also recently issued reports on DEI. JPMorgan Chase reduced their price objective on shares of Douglas Emmett from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, March 23rd. Stifel Nicolaus reduced their price objective on shares of Douglas Emmett from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. BMO Capital Markets set a $39.00 price objective on shares of Douglas Emmett and gave the company a “hold” rating in a research note on Tuesday, February 13th. Zacks Investment Research raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Douglas Emmett in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Douglas Emmett currently has a consensus rating of “Hold” and a consensus price target of $41.11.
DEI opened at $36.15 on Tuesday. Douglas Emmett has a one year low of $34.72 and a one year high of $41.59. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 1.06. The company has a market cap of $6,168.81, a PE ratio of 19.05, a P/E/G ratio of 2.74 and a beta of 0.66.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%. The business had revenue of $209.19 million during the quarter, compared to the consensus estimate of $202.00 million. equities analysts anticipate that Douglas Emmett will post 1.99 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in DEI. Tower Research Capital LLC TRC boosted its position in shares of Douglas Emmett by 514.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 2,211 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of Douglas Emmett during the fourth quarter worth $165,000. Vident Investment Advisory LLC bought a new position in shares of Douglas Emmett during the fourth quarter worth $215,000. Lourd Capital LLC bought a new position in shares of Douglas Emmett during the fourth quarter worth $312,000. Finally, Xact Kapitalforvaltning AB bought a new position in shares of Douglas Emmett during the fourth quarter worth $368,000. 98.29% of the stock is currently owned by institutional investors.
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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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