Douglas Emmett (NYSE:DEI) Earns Neutral Rating from Janney Montgomery Scott

Douglas Emmett (NYSE:DEI)‘s stock had its “neutral” rating reaffirmed by equities researchers at Janney Montgomery Scott in a research report issued on Wednesday,Benzinga reports.

A number of other brokerages also recently weighed in on DEI. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Evercore ISI lifted their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Jefferies Financial Group lifted their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Monday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus target price of $18.75.

Douglas Emmett Price Performance

Shares of DEI opened at $17.20 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The firm has a market cap of $2.88 billion, a PE ratio of -172.00 and a beta of 1.11. The firm’s 50 day moving average price is $18.75 and its 200 day moving average price is $17.09. Douglas Emmett has a twelve month low of $12.35 and a twelve month high of $20.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.38). The business had revenue of $250.75 million during the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. As a group, research analysts expect that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DEI. Venturi Wealth Management LLC acquired a new position in shares of Douglas Emmett in the 3rd quarter valued at $48,000. Quarry LP lifted its stake in Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 2,505 shares during the period. Blue Trust Inc. lifted its stake in Douglas Emmett by 1,081.5% during the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 3,396 shares during the period. GAMMA Investing LLC boosted its holdings in Douglas Emmett by 44.6% during the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in shares of Douglas Emmett by 62.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 1,476 shares during the period. 97.37% of the stock is currently 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.