Douglas Emmett, Inc. (NYSE:DEI) Given Consensus Rating of "Hold" by Brokerages

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) has earned an average rating of "Hold" from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $18.13.

A number of equities research analysts have weighed in on DEI shares. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. 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. Piper Sandler reduced their price target on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Finally, Jefferies Financial Group started coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They set a "hold" rating and a $16.00 price target for the company.

Hedge Funds Weigh In On Douglas Emmett

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Douglas Emmett in the 1st quarter worth $30,000. Brooklyn Investment Group raised its holdings in Douglas Emmett by 9,036.1% during the first quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 3,253 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Douglas Emmett by 203.9% during the fourth 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. GF Fund Management CO. LTD. acquired a new stake in Douglas Emmett in the fourth quarter valued at about $56,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Douglas Emmett in the first quarter valued at about $76,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Stock Performance

DEI traded down $0.34 on Friday, reaching $14.20. The company had a trading volume of 2,006,859 shares, compared to its average volume of 1,744,065. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett has a 1 year low of $12.39 and a 1 year high of $20.50. The stock has a market capitalization of $2.38 billion, a PE ratio of 109.24 and a beta of 1.21. The stock has a 50-day moving average price of $14.40 and a 200-day moving average price of $16.61.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $251.54 million for the quarter, compared to analysts' expectations of $246.49 million. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. The business's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, research analysts forecast that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Monday, June 30th. Douglas Emmett's dividend payout ratio is presently 237.50%.

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.