Douglas Emmett (NYSE:DEI) has been assigned a $39.00 target price by BMO Capital Markets in a research note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target indicates a potential upside of 7.94% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Mizuho reissued a “hold” rating and set a $41.00 price objective on shares of Douglas Emmett in a research note on Friday, October 27th. Robert W. Baird boosted their price objective 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. TheStreet raised shares of Douglas Emmett from a “c+” rating to a “b-” rating in a research note on Wednesday, November 15th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $43.00 price objective (up from $42.00) on shares of Douglas Emmett in a research note on Thursday, November 9th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $41.44.

Shares of Douglas Emmett (DEI) opened at $36.13 on Tuesday. Douglas Emmett has a 12 month low of $34.72 and a 12 month high of $41.59. The stock has a market cap of $6,101.22, a price-to-earnings ratio of 68.17, a PEG ratio of 2.81 and a beta of 0.64.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The company had revenue of $209.19 million for the quarter, compared to analysts’ expectations of $202.00 million. analysts anticipate that Douglas Emmett will post 1.9 EPS for the current year.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Douglas Emmett by 6.9% during the 4th quarter. BlackRock Inc. now owns 18,558,202 shares of the real estate investment trust’s stock valued at $761,999,000 after acquiring an additional 1,193,815 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Douglas Emmett by 7.0% during the 3rd quarter. Cohen & Steers Inc. now owns 15,328,882 shares of the real estate investment trust’s stock valued at $604,265,000 after acquiring an additional 1,000,650 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Douglas Emmett by 4.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 6,425,963 shares of the real estate investment trust’s stock valued at $253,311,000 after acquiring an additional 247,203 shares in the last quarter. State Street Corp lifted its holdings in shares of Douglas Emmett by 1.9% during the 2nd quarter. State Street Corp now owns 6,359,006 shares of the real estate investment trust’s stock valued at $242,980,000 after acquiring an additional 119,090 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Douglas Emmett by 46.0% during the 4th quarter. Deutsche Bank AG now owns 4,969,626 shares of the real estate investment trust’s stock valued at $204,049,000 after acquiring an additional 1,566,613 shares in the last quarter. Institutional investors and hedge funds own 96.41% of the company’s stock.

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About Douglas Emmett

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).

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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