Douglas Emmett, Inc. (NYSE:DEI) Receives $17.78 Consensus Target Price from Analysts

Shares of Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) have earned an average rating of "Hold" from the ten brokerages that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $17.78.

Several equities analysts recently weighed in on DEI shares. Scotiabank cut their price target on 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. Piper Sandler cut their price target on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Wells Fargo & Company cut their price target on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Finally, BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the company a "market perform" rating in a research note on Wednesday, July 16th.

Institutional Trading of Douglas Emmett

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new stake in shares of Douglas Emmett in the 4th quarter worth approximately $602,000. Raymond James Financial Inc. purchased a new stake in Douglas Emmett in the 4th quarter valued at about $7,829,000. HighTower Advisors LLC increased its holdings in shares of Douglas Emmett by 6.9% during the 4th quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust's stock worth $265,000 after buying an additional 922 shares during the last quarter. Swiss National Bank increased its holdings in shares of Douglas Emmett by 0.8% during the 4th quarter. Swiss National Bank now owns 329,300 shares of the real estate investment trust's stock worth $6,112,000 after buying an additional 2,600 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Douglas Emmett by 7.6% during the 4th quarter. Natixis Advisors LLC now owns 60,337 shares of the real estate investment trust's stock worth $1,120,000 after buying an additional 4,249 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock traded up $0.07 during trading hours on Monday, hitting $15.52. The company's stock had a trading volume of 1,143,188 shares, compared to its average volume of 1,772,263. The business has a 50 day moving average price of $14.97 and a two-hundred day moving average price of $15.64. Douglas Emmett has a 12-month low of $12.39 and a 12-month high of $20.50. The company has a market cap of $2.60 billion, a PE ratio of 48.49 and a beta of 1.23. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.89 and a current ratio of 3.89.

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 for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $251.54 million for the quarter, compared to the consensus estimate of $246.49 million. Douglas Emmett had a return on equity of 1.48% and a net margin of 5.48%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. Analysts expect that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Monday, June 30th. Douglas Emmett's dividend payout ratio is presently 237.50%.

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.