Douglas Emmett, Inc. (NYSE:DEI) Receives Average Recommendation of “Hold” from Analysts

Douglas Emmett, Inc. (NYSE:DEI) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.67.

Separately, Piper Sandler decreased their target price on shares of Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd.

Institutional Trading of Douglas Emmett

Several institutional investors and hedge funds have recently made changes to their positions in DEI. BNP Paribas Financial Markets boosted its holdings in shares of Douglas Emmett by 2.7% in the first quarter. BNP Paribas Financial Markets now owns 327,706 shares of the real estate investment trust’s stock valued at $4,545,000 after purchasing an additional 8,558 shares during the period. New Mexico Educational Retirement Board purchased a new stake in shares of Douglas Emmett in the 1st quarter worth $474,000. Cooper Financial Group grew its position in shares of Douglas Emmett by 31.1% during the 1st quarter. Cooper Financial Group now owns 614,541 shares of the real estate investment trust’s stock worth $8,524,000 after buying an additional 145,647 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Douglas Emmett during the fourth quarter valued at $762,000. Finally, Vanguard Group Inc. raised its holdings in shares of Douglas Emmett by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock valued at $379,716,000 after acquiring an additional 229,301 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $13.42 on Friday. Douglas Emmett has a 52-week low of $10.09 and a 52-week high of $16.12. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 1.44. The firm’s fifty day moving average is $13.40 and its 200 day moving average is $13.31. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -51.62 and a beta of 1.07.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend was Wednesday, March 27th. Douglas Emmett’s dividend payout ratio (DPR) is presently -292.31%.

About Douglas Emmett

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett 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.