TheStreet Lowers Douglas Emmett (DEI) to C+

TheStreet cut shares of Douglas Emmett (NYSE:DEI) from a b- rating to a c+ rating in a research report report published on Monday.

DEI has been the subject of several other research reports. Raymond James dropped their price objective on shares of Douglas Emmett from $44.00 to $42.00 and set an outperform rating for the company in a research report on Monday, November 5th. Bank of America cut shares of Douglas Emmett from a buy rating to a neutral rating and dropped their price objective for the stock from $42.50 to $41.00 in a research report on Tuesday, November 13th. Citigroup boosted their price objective on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock a neutral rating in a research report on Wednesday, August 8th. Barclays boosted their price objective on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock an underweight rating in a research report on Thursday, August 30th. Finally, Sandler O’Neill upgraded shares of Douglas Emmett from a hold rating to a buy rating and set a $42.00 price objective for the company in a research report on Thursday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $41.45.

NYSE:DEI opened at $36.32 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.96 and a quick ratio of 1.96. Douglas Emmett has a 1 year low of $34.72 and a 1 year high of $41.59. The company has a market capitalization of $6.27 billion, a PE ratio of 19.12, a PEG ratio of 2.77 and a beta of 0.62.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.33). Douglas Emmett had a return on equity of 3.06% and a net margin of 14.32%. The company had revenue of $223.30 million during the quarter, compared to the consensus estimate of $222.50 million. During the same quarter last year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Douglas Emmett will post 2.02 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Douglas Emmett by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 23,659,581 shares of the real estate investment trust’s stock valued at $892,439,000 after buying an additional 368,007 shares during the period. BlackRock Inc. grew its holdings in shares of Douglas Emmett by 2.6% in the 3rd quarter. BlackRock Inc. now owns 19,613,474 shares of the real estate investment trust’s stock valued at $739,819,000 after buying an additional 504,234 shares during the period. Cbre Clarion Securities LLC grew its holdings in shares of Douglas Emmett by 226.1% in the 2nd quarter. Cbre Clarion Securities LLC now owns 6,615,753 shares of the real estate investment trust’s stock valued at $265,821,000 after buying an additional 4,587,109 shares during the period. Boston Partners grew its holdings in shares of Douglas Emmett by 2.6% in the 2nd quarter. Boston Partners now owns 4,450,250 shares of the real estate investment trust’s stock valued at $178,811,000 after buying an additional 112,228 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Douglas Emmett by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,221,607 shares of the real estate investment trust’s stock valued at $159,239,000 after buying an additional 569,703 shares during the period. 92.38% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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.


Leave a Reply