Douglas Emmett (NYSE:DEI) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of Douglas Emmett (NYSE:DEI – Get Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Several other analysts have also recently commented on DEI. Evercore ISI lowered their price target on Douglas Emmett from $17.00 to $16.00 in a report on Monday, March 27th. TheStreet lowered Douglas Emmett from a “c” rating to a “d+” rating in a research report on Tuesday, May 2nd. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and raised their target price for the company from $13.00 to $15.00 in a research note on Wednesday, April 5th. Wells Fargo & Company lowered their price target on Douglas Emmett from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, March 16th. Finally, JPMorgan Chase & Co. lowered their price target on Douglas Emmett from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, April 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.78.

Douglas Emmett Trading Up 4.2 %

NYSE:DEI opened at $10.70 on Thursday. The company has a market capitalization of $1.82 billion, a PE ratio of 20.98 and a beta of 0.94. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 1.24. Douglas Emmett has a 52-week low of $10.09 and a 52-week high of $28.65. The stock has a fifty day simple moving average of $12.07 and a 200-day simple moving average of $14.58.

Institutional Investors Weigh In On Douglas Emmett

Large investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund lifted its holdings in Douglas Emmett by 1.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 51,216 shares of the real estate investment trust’s stock worth $918,000 after buying an additional 600 shares during the period. Cibc World Markets Corp increased its holdings in Douglas Emmett by 0.7% during the 1st quarter. Cibc World Markets Corp now owns 88,337 shares of the real estate investment trust’s stock worth $2,952,000 after purchasing an additional 610 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in Douglas Emmett by 0.3% during the 1st quarter. Centersquare Investment Management LLC now owns 218,255 shares of the real estate investment trust’s stock worth $7,294,000 after purchasing an additional 635 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Douglas Emmett by 24.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,294 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 645 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Douglas Emmett by 0.7% in the 4th quarter. State of Alaska Department of Revenue now owns 109,886 shares of the real estate investment trust’s stock worth $1,721,000 after buying an additional 713 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors.

Douglas Emmett Company Profile

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Douglas Emmett, Inc is a real estate investment trust, engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.