Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) PT at $18.50

Douglas Emmett, Inc. (NYSE:DEI) has been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $18.50.

A number of research firms recently commented on DEI. StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on Douglas Emmett in a report on Monday, March 17th. They set a “hold” rating and a $16.00 price objective for the company. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Monday, January 13th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th.

Douglas Emmett Trading Up 4.2 %

Shares of DEI opened at $16.65 on Tuesday. The company’s fifty day simple moving average is $16.95 and its 200-day simple moving average is $17.77. The company has a market cap of $2.79 billion, a P/E ratio of 128.05 and a beta of 1.13. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. Douglas Emmett has a twelve month low of $12.50 and a twelve month high of $20.50.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. As a group, analysts expect that Douglas Emmett will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.57%. Douglas Emmett’s payout ratio is 584.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DEI. Massachusetts Financial Services Co. MA raised its holdings in shares of Douglas Emmett by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust’s stock valued at $147,437,000 after buying an additional 125,727 shares during the last quarter. FMR LLC increased its position in Douglas Emmett by 59.6% in the 4th quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock valued at $144,662,000 after acquiring an additional 2,910,490 shares during the period. Bamco Inc. NY raised its stake in Douglas Emmett by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock valued at $112,263,000 after acquiring an additional 20,000 shares during the last quarter. Geode Capital Management LLC lifted its position in Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after acquiring an additional 26,961 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Douglas Emmett by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock valued at $70,764,000 after purchasing an additional 14,886 shares during the last quarter. Hedge funds and other institutional investors own 97.37% 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.