Douglas Emmett (DEI) Coverage Initiated by Analysts at Scotiabank

Scotiabank began coverage on shares of Douglas Emmett (NYSE:DEI) in a research report sent to investors on Tuesday morning, The Fly reports. The firm issued an outperform rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on DEI. Barclays upped their target price on Douglas Emmett from $38.00 to $39.00 and gave the stock an underweight rating in a report on Thursday, August 30th. Bank of America boosted their price target on Douglas Emmett from $42.00 to $44.00 and gave the stock a buy rating in a research report on Monday, August 13th. Stifel Nicolaus boosted their price target on Douglas Emmett from $42.00 to $43.00 and gave the stock a buy rating in a research report on Thursday, August 2nd. Zacks Investment Research raised Douglas Emmett from a hold rating to a buy rating and set a $42.00 price target on the stock in a research report on Wednesday, October 3rd. Finally, Citigroup boosted their price target on Douglas Emmett from $38.00 to $39.00 and gave the stock a neutral rating in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $41.55.

DEI stock opened at $37.16 on Tuesday. Douglas Emmett has a fifty-two week low of $34.72 and a fifty-two week high of $41.59. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 1.04. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 2.77 and a beta of 0.60.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.31). Douglas Emmett had a return on equity of 2.96% and a net margin of 13.94%. The firm had revenue of $219.47 million for the quarter, compared to analysts’ expectations of $215.12 million. On average, analysts expect that Douglas Emmett will post 2.02 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 16th. Stockholders of record on Friday, September 28th were given a $0.25 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.69%. Douglas Emmett’s dividend payout ratio is currently 52.63%.

Several institutional investors and hedge funds have recently modified their holdings of DEI. Cbre Clarion Securities LLC boosted its position 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 worth $265,821,000 after purchasing an additional 4,587,109 shares in the last quarter. Millennium Management LLC lifted its position in Douglas Emmett by 39.3% in the 1st quarter. Millennium Management LLC now owns 1,368,084 shares of the real estate investment trust’s stock valued at $50,291,000 after acquiring an additional 386,068 shares in the last quarter. BlackRock Inc. lifted its position in Douglas Emmett by 0.9% in the 2nd quarter. BlackRock Inc. now owns 19,109,240 shares of the real estate investment trust’s stock valued at $767,810,000 after acquiring an additional 176,454 shares in the last quarter. Heitman Real Estate Securities LLC lifted its position in Douglas Emmett by 35.1% in the 2nd quarter. Heitman Real Estate Securities LLC now owns 504,762 shares of the real estate investment trust’s stock valued at $23,236,000 after acquiring an additional 131,039 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Douglas Emmett by 11.9% in the 1st quarter. Legal & General Group Plc now owns 1,070,456 shares of the real estate investment trust’s stock valued at $39,350,000 after acquiring an additional 113,515 shares in the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More: What does earnings per share mean?

The Fly

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