Jefferies Financial Group Issues Positive Forecast for Douglas Emmett (NYSE:DEI) Stock Price

Douglas Emmett (NYSE:DEI) had its price objective raised by Jefferies Financial Group from $17.00 to $18.00 in a research note released on Thursday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

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

Douglas Emmett Stock Up 1.0 %

Shares of NYSE DEI opened at $18.94 on Thursday. The firm’s 50 day moving average price is $18.88 and its 200 day moving average price is $16.86. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The firm has a market cap of $3.17 billion, a P/E 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.

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

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, December 31st. Douglas Emmett’s dividend payout ratio is currently -760.00%.

Hedge Funds Weigh In On Douglas Emmett

Several large investors have recently modified their holdings of DEI. Geode Capital Management LLC lifted its holdings in 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 worth $73,312,000 after acquiring an additional 26,961 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Douglas Emmett by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock worth $1,219,000 after purchasing an additional 3,183 shares during the period. Intech Investment Management LLC bought a new stake in shares of Douglas Emmett in the 3rd quarter worth approximately $650,000. Charles Schwab Investment Management Inc. grew its stake in Douglas Emmett by 3.5% during the 3rd 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Douglas Emmett by 8.1% in 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.