Douglas Emmett (NYSE:DEI) had its price target trimmed by Barclays from $47.00 to $44.00 in a research report sent to investors on Tuesday morning, AnalystRatings.com reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.
Several other equities analysts have also commented on the company. Zacks Investment Research lowered Douglas Emmett from a buy rating to a hold rating in a report on Friday, January 10th. ValuEngine raised Douglas Emmett from a sell rating to a hold rating in a report on Friday, November 1st. Finally, BMO Capital Markets reaffirmed a hold rating and set a $45.00 target price on shares of Douglas Emmett in a report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $46.60.
Shares of NYSE:DEI traded down $0.10 during trading on Tuesday, hitting $42.28. 2,360,700 shares of the company traded hands, compared to its average volume of 1,366,617. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 2.95 and a beta of 0.65. The business’s fifty day moving average is $43.32 and its 200-day moving average is $42.31. Douglas Emmett has a one year low of $35.89 and a one year high of $45.08. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.05.
Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.38). The company had revenue of $238.07 million for the quarter, compared to the consensus estimate of $237.69 million. Douglas Emmett had a net margin of 12.05% and a return on equity of 2.83%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. On average, analysts forecast that Douglas Emmett will post 2.1 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.65%. This is a positive change from Douglas Emmett’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, December 30th. Douglas Emmett’s dividend payout ratio is 55.45%.
Hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. grew its holdings in Douglas Emmett by 133.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 700 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Parallel Advisors LLC grew its holdings in Douglas Emmett by 193.1% in the 3rd quarter. Parallel Advisors LLC now owns 1,196 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 788 shares in the last quarter. Pensionfund Sabic bought a new position in Douglas Emmett in the 4th quarter worth approximately $176,000. Yorktown Management & Research Co Inc bought a new position in Douglas Emmett in the 3rd quarter worth approximately $201,000. Finally, Exane Derivatives grew its holdings in Douglas Emmett by 7.2% in the 3rd quarter. Exane Derivatives now owns 5,216 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 350 shares in the last quarter. 92.94% of the stock is owned by institutional investors and hedge funds.
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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