Douglas Emmett, Inc. (NYSE:DEI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Douglas Emmett, Inc. (NYSE:DEI) have received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.67.

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Douglas Emmett from an “underperform” rating to a “hold” rating and increased their target price for the stock from $10.00 to $15.00 in a research note on Tuesday, January 2nd. Piper Sandler lowered their target price on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in Douglas Emmett in the 4th quarter worth approximately $43,000. Frazier Financial Advisors LLC purchased a new position in Douglas Emmett in the 4th quarter worth approximately $46,000. Quarry LP purchased a new position in Douglas Emmett in the 4th quarter worth approximately $57,000. Aspire Private Capital LLC lifted its stake in Douglas Emmett by 34.7% in the 3rd quarter. Aspire Private Capital LLC now owns 9,850 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 2,535 shares in the last quarter. Finally, Metis Global Partners LLC purchased a new position in Douglas Emmett in the 4th quarter worth approximately $156,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Trading Up 0.5 %

DEI stock opened at $13.38 on Friday. The company’s 50-day simple moving average is $13.40 and its 200-day simple moving average is $13.27. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44. Douglas Emmett has a 52-week low of $10.09 and a 52-week high of $16.12. The firm has a market cap of $2.24 billion, a P/E ratio of -51.46 and a beta of 1.07.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Thursday, March 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend was Wednesday, March 27th. Douglas Emmett’s dividend payout ratio is presently -292.31%.

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.