Analysts Set Douglas Emmett, Inc. (NYSE:DEI) Target Price at $13.67

Shares of Douglas Emmett, Inc. (NYSE:DEI) have received a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $13.67.

A number of analysts have recently commented on the company. Piper Sandler cut their price target on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. StockNews.com raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 20th.

Douglas Emmett Stock Down 0.2 %

NYSE DEI opened at $13.37 on Wednesday. The stock has a market capitalization of $2.24 billion, a PE ratio of -43.13 and a beta of 1.05. The company has a debt-to-equity ratio of 1.45, a current ratio of 4.42 and a quick ratio of 4.42. Douglas Emmett has a fifty-two week low of $10.76 and a fifty-two week high of $16.12. The business has a fifty day moving average price of $13.63 and a two-hundred day moving average price of $13.60.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Wednesday, March 27th. Douglas Emmett’s dividend payout ratio is currently -245.16%.

Institutional Trading of Douglas Emmett

Institutional investors and hedge funds have recently made changes to their positions in the company. Swedbank AB purchased a new position in Douglas Emmett in the first quarter valued at about $661,000. Caxton Associates LP bought a new position in shares of Douglas Emmett during the 1st quarter valued at about $974,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Douglas Emmett by 57.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 175,000 shares of the real estate investment trust’s stock worth $2,427,000 after acquiring an additional 64,000 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Douglas Emmett by 3.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 441,918 shares of the real estate investment trust’s stock worth $6,133,000 after buying an additional 14,783 shares during the period. Finally, UniSuper Management Pty Ltd boosted its stake in shares of Douglas Emmett by 97.3% during the first quarter. UniSuper Management Pty Ltd now owns 91,365 shares of the real estate investment trust’s stock valued at $1,267,000 after purchasing an additional 45,065 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Company Profile

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.