Douglas Emmett, Inc. (NYSE:DEI) Stock Has Consensus Target Price of $13.14 According to Brokerages

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $13.14.

Several brokerages recently commented on DEI. Weiss Ratings cut Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. JPMorgan Chase & Co. raised their price objective on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Scotiabank decreased their price objective on Douglas Emmett from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Finally, Cantor Fitzgerald lifted their target price on shares of Douglas Emmett from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors have recently added to or reduced their stakes in DEI. BlackRock Inc. purchased a new position in shares of Douglas Emmett in the 2nd quarter valued at $287,803,000. Legal & General Group Plc acquired a new position in shares of Douglas Emmett during the 2nd quarter valued at $27,572,000. Hsbc Holdings PLC acquired a new position in shares of Douglas Emmett during the 2nd quarter valued at $26,308,000. Bank of New York Mellon Corp acquired a new position in shares of Douglas Emmett during the 2nd quarter valued at $18,002,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Douglas Emmett by 42.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,248,144 shares of the real estate investment trust’s stock worth $30,598,000 after purchasing an additional 962,787 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

Douglas Emmett stock traded up $0.07 during midday trading on Friday, reaching $9.91. The company had a trading volume of 1,722,610 shares, compared to its average volume of 1,972,165. Douglas Emmett has a 12-month low of $9.04 and a 12-month high of $12.97. The firm’s fifty day simple moving average is $10.06 and its 200-day simple moving average is $10.84. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.01 and a quick ratio of 2.60. The company has a market capitalization of $1.66 billion, a P/E ratio of -76.27, a P/E/G ratio of 3.10 and a beta of 1.18.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.38). Douglas Emmett had a negative return on equity of 0.60% and a negative net margin of 2.04%. The firm had revenue of $260.86 million for the quarter, compared to analysts’ expectations of $256.76 million. During the same quarter last year, the firm posted $0.34 earnings per share. Douglas Emmett’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts anticipate that Douglas Emmett will post 1.41 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Wednesday, September 30th. Douglas Emmett’s dividend payout ratio is -584.62%.

Douglas Emmett Company Profile

Douglas Emmett, Inc. is a real estate investment trust (REIT) that owns, operates and acquires office and multifamily properties. Its portfolio is concentrated in established neighborhoods in Los Angeles and Honolulu, with properties serving businesses and residents in those markets. The company focuses on office buildings and apartment communities in areas including West Los Angeles and Honolulu. Its business includes managing and leasing its properties, as well as pursuing acquisitions and other opportunities to grow and maintain its portfolio.