Somewhat Favorable Press Coverage Very Likely to Affect Douglas Emmett (DEI) Share Price
News stories about Douglas Emmett (NYSE:DEI) have trended somewhat positive on Friday, AlphaOne Sentiment reports. The research firm, a unit of Accern, identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Douglas Emmett earned a media sentiment score of 0.18 on AlphaOne’s scale. AlphaOne also assigned headlines about the real estate investment trust an impact score of 84 out of 100, meaning that recent media coverage is very likely to have an effect on the company’s share price in the immediate future.
Douglas Emmett (NYSE:DEI) traded up 0.05% during trading on Friday, hitting $38.03. The stock had a trading volume of 60,109 shares. Douglas Emmett has a 52 week low of $31.99 and a 52 week high of $40.79. The company has a market cap of $5.88 billion, a price-to-earnings ratio of 66.14 and a beta of 0.76. The company has a 50-day moving average of $38.59 and a 200 day moving average of $37.76.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Douglas Emmett had a return on equity of 3.03% and a net margin of 11.50%. The firm had revenue of $170.35 million during the quarter, compared to analyst estimates of $191.93 million. On average, equities research analysts anticipate that Douglas Emmett will post $0.56 EPS for the current year.
Several equities research analysts have recently issued reports on DEI shares. Zacks Investment Research upgraded shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, April 11th. Barclays PLC raised their target price on Douglas Emmett from $35.00 to $36.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 19th. Evercore ISI cut Douglas Emmett from a “hold” rating to an “underperform” rating in a research report on Friday, March 3rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $37.00 target price on shares of Douglas Emmett in a research report on Wednesday, February 8th. Finally, Mizuho lifted their price objective on Douglas Emmett from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, February 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. Douglas Emmett has an average rating of “Hold” and an average price target of $39.35.
In other news, Chairman Dan A. Emmett sold 100,000 shares of the business’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $39.19, for a total value of $3,919,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 23.00% of the company’s stock.
Douglas Emmett Company Profile
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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