Stifel Nicolaus Trims Douglas Emmett (DEI) Target Price to $40.00

Douglas Emmett (NYSE:DEI) had its target price dropped by equities researchers at Stifel Nicolaus from $43.00 to $40.00 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price points to a potential upside of 9.50% from the stock’s previous close.

A number of other research firms have also recently issued reports on DEI. Robert W. Baird reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Douglas Emmett in a research report on Tuesday, January 9th. Sandler O’Neill reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Douglas Emmett in a research report on Tuesday, January 23rd. TheStreet raised Douglas Emmett from a “c+” rating to a “b-” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Mizuho reaffirmed a “hold” rating and issued a $41.00 price objective on shares of Douglas Emmett in a research report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.11.

Douglas Emmett (NYSE:DEI) traded up $0.12 on Thursday, hitting $36.53. The stock had a trading volume of 1,853,590 shares, compared to its average volume of 889,166. Douglas Emmett has a 52 week low of $34.72 and a 52 week high of $41.59. The firm has a market capitalization of $6,124.95, a PE ratio of 64.09, a price-to-earnings-growth ratio of 2.80 and a beta of 0.64.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%. The business had revenue of $209.19 million during the quarter, compared to analyst estimates of $202.00 million. equities analysts forecast that Douglas Emmett will post 2 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its holdings in Douglas Emmett by 514.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 2,211 shares during the last quarter. Advisors Preferred LLC acquired a new stake in Douglas Emmett during the 4th quarter worth approximately $165,000. Advisor Group Inc. lifted its holdings in Douglas Emmett by 451.6% during the 3rd quarter. Advisor Group Inc. now owns 4,065 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 3,328 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Douglas Emmett by 14.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,120 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 520 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Douglas Emmett during the 3rd quarter worth approximately $206,000. 96.41% of the stock is owned by institutional investors and hedge funds.

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Douglas Emmett Company Profile

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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