Douglas Emmett, Inc. (NYSE:DEI) Given Average Recommendation of “Hold” by Brokerages

Shares of Douglas Emmett, Inc. (NYSE:DEI) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.50.

A number of equities research analysts have commented on the stock. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Monday, January 13th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price target for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Finally, Jefferies Financial Group initiated coverage on Douglas Emmett in a research note on Monday, March 17th. They issued a “hold” rating and a $16.00 target price for the company.

Hedge Funds Weigh In On Douglas Emmett

Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of Douglas Emmett by 203.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,964 shares during the period. GF Fund Management CO. LTD. acquired a new stake in Douglas Emmett in the fourth quarter worth $56,000. Smartleaf Asset Management LLC boosted its position in shares of Douglas Emmett by 222.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 2,933 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 750 shares during the period. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Douglas Emmett by 30.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 1,172 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock opened at $13.40 on Friday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 103.08 and a beta of 1.09. The firm’s 50-day moving average price is $16.07 and its two-hundred day moving average price is $17.56. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. Douglas Emmett has a 1-year low of $12.39 and a 1-year high of $20.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. On average, equities analysts predict that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s payout ratio is 584.62%.

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.