Douglas Emmett, Inc. (NYSE:DEI) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $40.88.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, June 6th. Stifel Nicolaus reduced their price objective on Douglas Emmett from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. JPMorgan Chase & Co. reduced their price objective on Douglas Emmett from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, March 23rd. Barclays reiterated a “sell” rating and issued a $37.00 price objective on shares of Douglas Emmett in a research note on Tuesday, April 17th. Finally, BMO Capital Markets set a $38.00 price objective on Douglas Emmett and gave the company a “hold” rating in a research note on Tuesday, February 27th.
In other Douglas Emmett news, Director William E. Simon, Jr. purchased 7,700 shares of the business’s stock in a transaction on Friday, June 1st. The shares were bought at an average cost of $38.55 per share, for a total transaction of $296,835.00. Following the completion of the purchase, the director now directly owns 9,700 shares in the company, valued at $373,935. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.80% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake in Douglas Emmett by 514.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 2,211 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Douglas Emmett in the first quarter valued at $147,000. Advisors Preferred LLC acquired a new stake in Douglas Emmett in the fourth quarter valued at $165,000. Vident Investment Advisory LLC acquired a new stake in Douglas Emmett in the fourth quarter valued at $215,000. Finally, Koch Industries Inc. acquired a new stake in Douglas Emmett in the first quarter valued at $278,000. Institutional investors own 96.13% of the company’s stock.
Shares of Douglas Emmett traded up $0.13, hitting $38.86, during midday trading on Friday, according to MarketBeat.com. 1,245,600 shares of the stock were exchanged, compared to its average volume of 860,414. Douglas Emmett has a 52-week low of $34.72 and a 52-week high of $41.59. The firm has a market cap of $6.60 billion, a P/E ratio of 20.45, a P/E/G ratio of 2.88 and a beta of 0.67. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 1.04.
Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Douglas Emmett had a return on equity of 2.76% and a net margin of 12.86%. The business had revenue of $212.20 million during the quarter, compared to analyst estimates of $212.25 million. During the same period last year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. sell-side analysts expect that Douglas Emmett will post 2.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, June 28th. Douglas Emmett’s payout ratio is currently 52.63%.
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.
Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.