Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Price Target at $18.13

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) has been given an average recommendation of "Hold" by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $18.13.

DEI has been the topic of several analyst reports. 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. Jefferies Financial Group assumed coverage on shares of Douglas Emmett in a report on Monday, March 17th. They set a "hold" rating and a $16.00 price target on the stock. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company dropped their target price on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, May 19th.

Douglas Emmett Trading Up 0.6%

Shares of NYSE:DEI traded up $0.10 on Thursday, hitting $15.19. The company had a trading volume of 2,725,434 shares, compared to its average volume of 1,762,147. Douglas Emmett has a 1 year low of $12.39 and a 1 year high of $20.50. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 47.46 and a beta of 1.22. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 1.54. The firm's 50-day simple moving average is $14.48 and its two-hundred day simple moving average is $16.06.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The company had revenue of $251.54 million during the quarter, compared to analysts' expectations of $246.49 million. Douglas Emmett had a net margin of 5.48% and a return on equity of 1.48%. Douglas Emmett's revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. Equities analysts anticipate that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 5.00%. Douglas Emmett's dividend payout ratio (DPR) is presently 237.50%.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors and hedge funds have recently modified their holdings of DEI. Principal Financial Group Inc. grew its stake in shares of Douglas Emmett by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust's stock valued at $15,064,000 after buying an additional 22,878 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Douglas Emmett during the 4th quarter valued at about $602,000. Metis Global Partners LLC raised its stake in Douglas Emmett by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 19,200 shares of the real estate investment trust's stock worth $356,000 after buying an additional 1,960 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Douglas Emmett by 222.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock worth $79,000 after buying an additional 2,933 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Douglas Emmett by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust's stock worth $70,764,000 after buying an additional 14,886 shares during the period. Hedge funds and other institutional investors own 97.37% of the company's stock.

About Douglas Emmett

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.