Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) PT at $18.75

Shares of Douglas Emmett, Inc. (NYSE:DEI) have received a consensus rating of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $18.75.

DEI has been the topic of several research analyst reports. Jefferies Financial Group raised their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Evercore ISI raised their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors have recently modified their holdings of DEI. FMR LLC raised its position in shares of Douglas Emmett by 59.6% in the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock valued at $144,662,000 after purchasing an additional 2,910,490 shares during the period. Victory Capital Management Inc. increased its position in Douglas Emmett by 4,395.5% during the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock worth $27,729,000 after acquiring an additional 1,543,099 shares during the period. JPMorgan Chase & Co. increased its position in Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock worth $49,826,000 after acquiring an additional 1,520,348 shares during the period. Norges Bank bought a new position in Douglas Emmett during the fourth quarter worth $23,526,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Douglas Emmett by 379.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust’s stock worth $19,071,000 after acquiring an additional 858,857 shares during the period. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Up 2.2 %

DEI stock opened at $16.35 on Friday. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett has a fifty-two week low of $12.50 and a fifty-two week high of $20.50. The firm’s 50-day simple moving average is $17.68 and its 200 day simple moving average is $17.64. The stock has a market cap of $2.74 billion, a PE ratio of 125.81 and a beta of 1.11.

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

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.65%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett’s payout ratio is presently 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.