Douglas Emmett, Inc. (NYSE:DEI) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Douglas Emmett, Inc. (NYSE:DEI) currently holds a consensus rating of "Hold" from ten analysts, with six recommending hold and four suggesting buy ratings.
• The average one-year price target for DEI shares is approximately $17.78, with various analysts adjusting their estimates downwards recently.
• The company's latest quarterly earnings report showed earnings per share (EPS) of $0.37, meeting analysts' expectations, while revenue rose by 2.4% year-over-year.

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) has received a consensus recommendation of "Hold" from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $17.7778.

A number of equities analysts have recently weighed in on the stock. Piper Sandler dropped their price target on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Scotiabank reduced their target price on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating for the company in a research note on Monday, July 14th. BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the stock a "market perform" rating in a research report on Wednesday, July 16th. Wells Fargo & Company lowered their target price on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Finally, Wall Street Zen downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th.

Douglas Emmett Stock Up 3.0%

Shares of DEI stock traded up $0.43 during trading on Friday, hitting $14.99. 97,168 shares of the company were exchanged, compared to its average volume of 1,916,910. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 68.25 and a beta of 1.26. The business's 50-day simple moving average is $15.21 and its 200 day simple moving average is $15.29. Douglas Emmett has a twelve month low of $12.39 and a twelve month high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The business had revenue of $252.43 million during the quarter, compared to analysts' expectations of $250.98 million. During the same period last year, the company posted $0.46 earnings per share. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. As a group, analysts forecast that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.19 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.1%. Douglas Emmett's payout ratio is 345.45%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DEI. EverSource Wealth Advisors LLC grew its holdings in Douglas Emmett by 220.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 1,166 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Douglas Emmett during the 1st quarter worth about $30,000. Brooklyn Investment Group raised its holdings in shares of Douglas Emmett by 9,036.1% in the 1st quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 3,253 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Douglas Emmett by 203.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,964 shares in the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Douglas Emmett during the 4th quarter worth approximately $56,000. 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.