Douglas Emmett Inc. (NYSE:DEI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $40.00 price objective on the real estate investment trust’s stock. Zacks Investment Research’s price target suggests a potential upside of 11.48% from the stock’s previous close.

According to Zacks, “DOUGLAS EMMETT INC is a fully integrated, self-administered and self-managed real estate investment trust and one of the largest owners and operators of high-quality office and multifamily properties located in premier submarkets in California and Hawaii. The Company’s properties are concentrated in ten submarkets Brentwood, Olympic Corridor, Century City, Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, Burbank and Honolulu. The Company 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. “

Several other brokerages have also recently commented on DEI. DA Davidson boosted their price target on shares of Douglas Emmett from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Mizuho cut shares of Douglas Emmett from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Thursday, August 4th. BTIG Research began coverage on shares of Douglas Emmett in a report on Thursday, August 25th. They issued a “neutral” rating on the stock. Barclays PLC upped their target price on shares of Douglas Emmett from $33.00 to $35.00 and gave the company an “underweight” rating in a report on Monday, August 29th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $38.00 target price on shares of Douglas Emmett in a report on Friday, November 11th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.79.

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

Shares of Douglas Emmett (NYSE:DEI) opened at 35.88 on Monday. The firm’s 50-day moving average price is $35.69 and its 200-day moving average price is $35.74. The firm has a market capitalization of $5.44 billion, a P/E ratio of 68.87 and a beta of 0.86. Douglas Emmett has a 12-month low of $24.73 and a 12-month high of $38.71.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, November 1st. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. Douglas Emmett had a net margin of 11.27% and a return on equity of 3.04%. The firm had revenue of $192.12 million for the quarter, compared to analysts’ expectations of $104.86 million. During the same period in the previous year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. Equities analysts predict that Douglas Emmett will post $1.80 earnings per share for the current fiscal year.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 140,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $35.59, for a total transaction of $4,982,600.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 23.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System raised its stake in Douglas Emmett by 82.8% in the second quarter. New York State Teachers Retirement System now owns 35,100 shares of the real estate investment trust’s stock valued at $1,247,000 after buying an additional 15,900 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in Douglas Emmett during the second quarter valued at about $250,000. LS Investment Advisors LLC raised its stake in Douglas Emmett by 73.8% in the second quarter. LS Investment Advisors LLC now owns 8,461 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 3,593 shares in the last quarter. Bollard Group LLC raised its stake in Douglas Emmett by 0.6% in the second quarter. Bollard Group LLC now owns 25,859 shares of the real estate investment trust’s stock valued at $919,000 after buying an additional 163 shares in the last quarter. Finally, Eqis Capital Management Inc. purchased a new stake in Douglas Emmett during the second quarter valued at about $277,000. Institutional investors and hedge funds own 99.18% of the company’s stock.

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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.

5 Day Chart for NYSE:DEI

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