Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Target Price at $18.50

Shares of Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) have received a consensus rating of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $18.50.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Douglas Emmett by 3.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 115,759 shares of the real estate investment trust's stock valued at $1,852,000 after purchasing an additional 4,078 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Douglas Emmett by 363.9% in the first quarter. Jupiter Asset Management Ltd. now owns 217,919 shares of the real estate investment trust's stock valued at $3,487,000 after purchasing an additional 170,944 shares during the period. Jefferies Financial Group Inc. raised its position in shares of Douglas Emmett by 4,052.8% in the first quarter. Jefferies Financial Group Inc. now owns 682,841 shares of the real estate investment trust's stock valued at $10,925,000 after purchasing an additional 666,398 shares during the period. Natixis Advisors LLC raised its position in shares of Douglas Emmett by 14.7% in the first quarter. Natixis Advisors LLC now owns 69,190 shares of the real estate investment trust's stock valued at $1,107,000 after purchasing an additional 8,853 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Douglas Emmett in the first quarter valued at approximately $1,219,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Stock Up 3.4%

Shares of NYSE:DEI traded up $0.50 during mid-day trading on Wednesday, reaching $15.01. 109,459 shares of the stock were exchanged, compared to its average volume of 1,696,395. 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 company has a market cap of $2.51 billion, a P/E ratio of 115.86 and a beta of 1.21. Douglas Emmett has a one year low of $12.39 and a one year high of $20.50. The stock's 50 day simple moving average is $14.93 and its 200-day simple moving average is $17.01.

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 the consensus estimate of $0.39 by $0.01. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. The firm had revenue of $251.54 million for the quarter, compared to analyst estimates of $246.49 million. During the same period in the previous year, the business earned $0.45 EPS. The company's revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Douglas Emmett will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's dividend payout ratio is currently 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.