Douglas Emmett Inc. (DEI) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Douglas Emmett Inc. (NYSE:DEI)‘s stock had its “buy” rating restated by JPMorgan Chase & Co. in a research report issued on Friday. They currently have a $38.00 price objective on the real estate investment trust’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 9.67% from the stock’s previous close.
Several other analysts also recently weighed in on the stock. DA Davidson lifted their target price on shares of Douglas Emmett from $43.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Mizuho downgraded shares of Douglas Emmett from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a report on Thursday, August 4th. Zacks Investment Research downgraded shares of Douglas Emmett from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Barclays PLC reiterated an “underweight” rating and issued a $33.00 target price (up previously from $31.00) on shares of Douglas Emmett in a report on Tuesday, July 19th. Finally, BTIG Research assumed coverage on shares of Douglas Emmett in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $35.71.
Shares of Douglas Emmett (NYSE:DEI) opened at 34.65 on Friday. The company has a 50 day moving average price of $35.96 and a 200-day moving average price of $35.64. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 66.51 and a beta of 0.86. Douglas Emmett has a one year low of $24.73 and a one year high of $38.71.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, November 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. The business earned $192.12 million during the quarter, compared to the consensus estimate of $104.86 million. Douglas Emmett had a net margin of 11.27% and a return on equity of 3.04%. The business’s revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 EPS. Equities analysts predict that Douglas Emmett will post $1.80 earnings per share for the current fiscal year.
In other news, Chairman Dan A. Emmett sold 140,000 shares of Douglas Emmett stock in a transaction on Friday, September 16th. The shares were sold at an average price of $35.75, for a total transaction of $5,005,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in Douglas Emmett during the third quarter valued at about $7,386,000. TLP Group LLC bought a new stake in shares of Douglas Emmett during the third quarter worth $102,000. Hsbc Holdings PLC boosted its stake in shares of Douglas Emmett by 0.5% in the third quarter. Hsbc Holdings PLC now owns 571,060 shares of the real estate investment trust’s stock worth $20,918,000 after buying an additional 2,615 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Douglas Emmett by 1.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,826 shares of the real estate investment trust’s stock worth $1,166,000 after buying an additional 525 shares during the period. Finally, AMP Capital Investors Ltd boosted its stake in shares of Douglas Emmett by 16.8% in the third quarter. AMP Capital Investors Ltd now owns 2,153,932 shares of the real estate investment trust’s stock worth $78,875,000 after buying an additional 309,800 shares during the period. 99.65% of the stock is owned by institutional investors and hedge funds.
Douglas Emmett Company Profile
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust. The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate.
Receive News & Stock Ratings for Douglas Emmett Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett Inc. and related stocks with our FREE daily email newsletter.