Douglas Emmett, Inc. (DEI) Receives $41.55 Consensus Target Price from Brokerages

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $41.50.

A number of research analysts have commented on DEI shares. Citigroup increased their price objective on shares of Douglas Emmett from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Barclays increased their price objective on shares of Douglas Emmett from $38.00 to $39.00 and gave the company an “underweight” rating in a research note on Thursday, August 30th. Bank of America reduced their price objective on shares of Douglas Emmett from $44.00 to $42.50 and set a “buy” rating on the stock in a research note on Monday, September 10th. Zacks Investment Research downgraded shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Scotiabank started coverage on shares of Douglas Emmett in a research note on Tuesday. They set an “outperform” rating on the stock.

Shares of DEI stock traded down $0.42 on Thursday, hitting $36.35. The stock had a trading volume of 905,600 shares, compared to its average volume of 919,603. Douglas Emmett has a 52-week low of $34.72 and a 52-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 capitalization of $6.41 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.77 and a beta of 0.60.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.31). Douglas Emmett had a net margin of 13.94% and a return on equity of 2.96%. The company had revenue of $219.47 million for the quarter, compared to the consensus estimate of $215.12 million. Equities research analysts predict that Douglas Emmett will post 2.02 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 16th. Shareholders of record on Friday, September 28th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.75%. Douglas Emmett’s dividend payout ratio (DPR) is 52.63%.

Large investors have recently modified their holdings of the business. Qube Research & Technologies Ltd acquired a new stake in shares of Douglas Emmett during the second quarter worth $165,000. Natixis acquired a new stake in shares of Douglas Emmett during the second quarter worth $218,000. Cadence Capital Management LLC acquired a new stake in shares of Douglas Emmett during the second quarter worth $250,000. CIBC Asset Management Inc acquired a new stake in shares of Douglas Emmett during the second quarter worth $254,000. Finally, Koch Industries Inc. acquired a new stake in shares of Douglas Emmett during the first quarter worth $278,000. 95.36% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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