Douglas Emmett, Inc. (NYSE:DEI) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts give Douglas Emmett a consensus “Hold” rating: Seven of nine brokerages rate the stock Hold, with one Buy and one Sell; the average 12-month price target is $13.14.
• The REIT reported quarterly earnings of -$0.05 per share, missing the $0.33 consensus estimate, while revenue of $260.86 million topped estimates and rose 4% year over year.
• Douglas Emmett paid a quarterly dividend of $0.19 per share, equivalent to an annualized yield of about 7.5%.

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) has been given a consensus recommendation of "Hold" by the nine brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $13.14.

DEI has been the topic of a number of research reports. Piper Sandler dropped their price target on shares of Douglas Emmett from $14.00 to $11.00 and set a "neutral" rating on the stock in a research note on Monday, October 12th. Cantor Fitzgerald boosted their target price on Douglas Emmett from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Scotiabank dropped their target price on Douglas Emmett from $13.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 17th. Wall Street Zen downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. raised their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aberdeen Group plc increased its stake in shares of Douglas Emmett by 6.1% in the third quarter. Aberdeen Group plc now owns 69,896 shares of the real estate investment trust's stock valued at $670,000 after buying an additional 4,003 shares during the period. Maryland State Retirement & Pension System boosted its position in Douglas Emmett by 54.5% during the 3rd quarter. Maryland State Retirement & Pension System now owns 37,845 shares of the real estate investment trust's stock worth $363,000 after buying an additional 13,348 shares during the period. Illinois Municipal Retirement Fund boosted its position in Douglas Emmett by 11.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 92,554 shares of the real estate investment trust's stock worth $887,000 after buying an additional 9,355 shares during the period. AlphaCore Capital LLC acquired a new stake in Douglas Emmett during the 3rd quarter worth approximately $103,000. Finally, Fulcrum Asset Management LLP grew its holdings in Douglas Emmett by 5,480.6% during the 3rd quarter. Fulcrum Asset Management LLP now owns 3,460 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 3,398 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

Douglas Emmett Stock Performance

DEI stock opened at $10.18 on Friday. Douglas Emmett has a 1 year low of $9.04 and a 1 year high of $12.97. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -78.27 and a beta of 1.18. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.60 and a current ratio of 2.01. The stock's fifty day moving average is $10.21 and its two-hundred day moving average is $10.86.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $256.76 million. During the same period last year, the business earned $0.34 EPS. The firm's revenue was up 4.0% on a year-over-year basis. On average, research analysts predict that Douglas Emmett will post 1.41 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.19 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 7.5%. Douglas Emmett's dividend payout ratio is currently -584.62%.

About Douglas Emmett

Douglas Emmett, Inc NYSE: DEI is a self-administered and self-managed real estate investment trust (REIT) that owns, acquires, develops, redevelops and manages office and multifamily apartment properties. The company focuses on high-quality assets in supply-constrained markets with strong employment and housing demand.

Douglas Emmett's portfolio is concentrated in Southern California and Honolulu. Its office properties are primarily located in prominent Los Angeles submarkets, including Century City, Brentwood, Westwood, Santa Monica, Warner Center and the Wilshire Corridor.

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