Douglas Emmett (NYSE:DEI) Upgraded at Wedbush

Wedbush upgraded shares of Douglas Emmett (NYSE:DEI) from a neutral rating to an outperform rating in a research note issued to investors on Thursday morning, Marketbeat reports. They currently have $21.00 target price on the real estate investment trust’s stock, up from their prior target price of $19.00.

Other equities research analysts also recently issued reports about the company. Evercore ISI upped their price objective on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Wells Fargo & Company raised their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Citigroup upped their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.25.

Douglas Emmett Stock Performance

NYSE:DEI opened at $18.94 on Thursday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -189.40 and a beta of 1.11. Douglas Emmett has a 1 year low of $12.35 and a 1 year high of $20.50. The stock’s 50 day simple moving average is $18.88 and its two-hundred day simple moving average is $16.86. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The business had revenue of $250.75 million for the quarter, compared to analysts’ expectations of $242.75 million. During the same period in the previous year, the company earned $0.45 EPS. Douglas Emmett’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Tuesday, December 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently -760.00%.

Hedge Funds Weigh In On Douglas Emmett

A number of hedge funds and other institutional investors have recently made changes to their positions in DEI. Geode Capital Management LLC raised its holdings in shares of Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after acquiring an additional 26,961 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Douglas Emmett by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock valued at $1,219,000 after purchasing an additional 3,183 shares in the last quarter. Intech Investment Management LLC purchased a new position in Douglas Emmett during the third quarter valued at approximately $650,000. Charles Schwab Investment Management Inc. raised its stake in Douglas Emmett by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after buying an additional 127,274 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Douglas Emmett by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock worth $33,212,000 after buying an additional 186,385 shares during the period. Institutional investors own 97.37% of the company’s stock.

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.