Analysts Set Douglas Emmett, Inc. (NYSE:DEI) PT at $18.50

Shares of Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) have been given an average rating of "Hold" by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $18.50.

A number of research analysts have recently weighed in on DEI shares. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective on the stock in a research report on Monday, January 13th. StockNews.com downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Finally, Jefferies Financial Group began coverage on Douglas Emmett in a report on Monday, March 17th. They set a "hold" rating and a $16.00 price target on the stock.

Douglas Emmett Stock Performance

NYSE:DEI traded down $0.01 on Wednesday, hitting $14.48. The stock had a trading volume of 2,100,111 shares, compared to its average volume of 1,700,381. Douglas Emmett has a 52-week low of $12.39 and a 52-week high of $20.50. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 111.39 and a beta of 1.21. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The business's 50-day simple moving average is $14.98 and its two-hundred day simple moving average is $17.05.

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

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is presently 584.62%.

Institutional Trading of Douglas Emmett

Large investors have recently made changes to their positions in the business. Summit Investment Advisors Inc. boosted its holdings in shares of Douglas Emmett by 4.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust's stock valued at $314,000 after purchasing an additional 738 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock worth $85,000 after buying an additional 750 shares during the period. Cetera Investment Advisers grew its position in shares of Douglas Emmett by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 11,454 shares of the real estate investment trust's stock worth $183,000 after buying an additional 809 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Douglas Emmett by 0.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust's stock valued at $3,386,000 after buying an additional 860 shares during the period. Finally, FIL Ltd raised its holdings in shares of Douglas Emmett by 19.0% in the fourth quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock valued at $103,000 after acquiring an additional 884 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

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.