Douglas Emmett (NYSE:DEI) had its price target trimmed by Raymond James from $44.00 to $42.00 in a research report sent to investors on Monday morning. The brokerage currently has an outperform rating on the real estate investment trust’s stock.
Other equities analysts have also issued reports about the company. Bank of America increased their price objective on Douglas Emmett from $42.00 to $44.00 and gave the stock a buy rating in a report on Monday, August 13th. Stifel Nicolaus increased their price objective on Douglas Emmett from $42.00 to $43.00 and gave the stock a buy rating in a report on Thursday, August 2nd. Zacks Investment Research raised Douglas Emmett from a hold rating to a buy rating and set a $42.00 price objective for the company in a report on Wednesday, October 3rd. Scotiabank assumed coverage on Douglas Emmett in a report on Tuesday, October 16th. They issued an outperform rating for the company. Finally, Barclays increased their price objective on Douglas Emmett from $38.00 to $39.00 and gave the stock an underweight rating in a report on Thursday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Douglas Emmett presently has an average rating of Hold and a consensus price target of $41.59.
Shares of NYSE:DEI traded up $0.10 during trading on Monday, hitting $35.72. 21,663 shares of the company traded hands, compared to its average volume of 923,276. Douglas Emmett has a one year low of $34.72 and a one year high of $41.59. The firm has a market capitalization of $6.01 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.59 and a beta of 0.58. The company has a current ratio of 1.96, a quick ratio of 2.30 and a debt-to-equity ratio of 1.05.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). Douglas Emmett had a return on equity of 3.06% and a net margin of 14.32%. The business had revenue of $223.30 million during the quarter, compared to the consensus estimate of $222.50 million. During the same period last year, the company earned $0.48 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, analysts predict that Douglas Emmett will post 2.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 16th. Shareholders of record on Friday, September 28th were given a $0.25 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.80%. Douglas Emmett’s dividend payout ratio (DPR) is 52.63%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DEI. Principal Financial Group Inc. lifted its position in Douglas Emmett by 2.6% in the first quarter. Principal Financial Group Inc. now owns 701,108 shares of the real estate investment trust’s stock worth $25,773,000 after purchasing an additional 17,944 shares during the period. Allianz Asset Management GmbH lifted its position in Douglas Emmett by 18.6% in the first quarter. Allianz Asset Management GmbH now owns 433,685 shares of the real estate investment trust’s stock worth $15,942,000 after purchasing an additional 68,119 shares during the period. Xact Kapitalforvaltning AB lifted its position in Douglas Emmett by 37.9% in the second quarter. Xact Kapitalforvaltning AB now owns 18,560 shares of the real estate investment trust’s stock worth $746,000 after purchasing an additional 5,100 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in Douglas Emmett by 6.4% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 229,460 shares of the real estate investment trust’s stock worth $9,156,000 after purchasing an additional 13,900 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in Douglas Emmett by 10.7% in the second quarter. BNP Paribas Arbitrage SA now owns 44,266 shares of the real estate investment trust’s stock worth $1,779,000 after purchasing an additional 4,286 shares during the period. Hedge funds and other institutional investors own 95.10% 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.
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