Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Douglas Emmett (DEI) Share Price
Headlines about Douglas Emmett (NYSE:DEI) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Douglas Emmett earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.5368394415692 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Douglas Emmett (NYSE DEI) traded up $0.35 on Friday, reaching $40.63. 622,407 shares of the company’s stock were exchanged, compared to its average volume of 665,752. The company has a market capitalization of $6,890.00, a PE ratio of 21.31, a price-to-earnings-growth ratio of 3.31 and a beta of 0.71. Douglas Emmett has a 1 year low of $35.27 and a 1 year high of $41.19.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $208.75 million during the quarter, compared to analysts’ expectations of $203.99 million. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. research analysts predict that Douglas Emmett will post 1.9 earnings per share for the current year.
Several research firms recently weighed in on DEI. TheStreet upgraded shares of Douglas Emmett from a “c+” rating to a “b-” rating in a research note on Wednesday, November 15th. Robert W. Baird increased their target price on shares of Douglas Emmett from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price (up previously from $42.00) on shares of Douglas Emmett in a research note on Thursday, November 9th. Mizuho reiterated a “hold” rating and issued a $41.00 target price on shares of Douglas Emmett in a research note on Friday, October 27th. Finally, Zacks Investment Research cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.67.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $38.99, for a total transaction of $3,899,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 17.80% of the stock is owned by company insiders.
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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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