Douglas Emmett, Inc. (NYSE:DEI – Get Free Report) shares were down 4.1% during mid-day trading on Monday after Piper Sandler lowered their price target on the stock from $15.00 to $13.00. Piper Sandler currently has a neutral rating on the stock. Douglas Emmett traded as low as $10.76 and last traded at $10.84. Approximately 116,270 shares changed hands during trading, a decline of 96% from the average daily volume of 2,750,844 shares. The stock had previously closed at $11.30.
A number of other equities research analysts have also recently commented on DEI. Bank of America cut shares of Douglas Emmett from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $12.00 to $10.00 in a research note on Tuesday, August 8th. Evercore ISI dropped their price objective on shares of Douglas Emmett from $15.00 to $13.00 in a research note on Monday, October 9th. Raymond James dropped their price objective on shares of Douglas Emmett from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Wedbush started coverage on shares of Douglas Emmett in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $13.00 price objective on the stock. Finally, KeyCorp started coverage on shares of Douglas Emmett in a research note on Monday, September 11th. They set a “sector weight” rating on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.91.
Institutional Inflows and Outflows
Douglas Emmett Stock Performance
The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 1.38. The firm has a fifty day moving average price of $12.39 and a 200 day moving average price of $12.64. The firm has a market cap of $1.81 billion, a PE ratio of 90.67 and a beta of 1.03.
Douglas Emmett Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Friday, September 29th were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.76 annualized dividend and a dividend yield of 7.02%. Douglas Emmett’s dividend payout ratio is presently 633.33%.
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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