Douglas Emmett (NYSE:DEI - Free Report) had its target price lowered by Scotiabank from $21.00 to $19.00 in a research report sent to investors on Monday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the real estate investment trust's stock.
Other equities analysts also recently issued research reports about the company. Piper Sandler decreased their target price on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Jefferies Financial Group began coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They set a "hold" rating and a $16.00 target price on the stock. Finally, Wells Fargo & Company reduced 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. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $17.78.
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Douglas Emmett Price Performance
NYSE DEI traded down $0.33 on Monday, hitting $15.61. The company had a trading volume of 507,886 shares, compared to its average volume of 1,780,275. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.89 and a quick ratio of 3.89. The company's fifty day moving average price is $14.93 and its 200-day moving average price is $15.73. The company has a market capitalization of $2.61 billion, a PE ratio of 48.74 and a beta of 1.23. Douglas Emmett has a 12-month low of $12.39 and a 12-month high of $20.50.
Douglas Emmett (NYSE:DEI - Get Free Report) last released 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. Douglas Emmett had a net margin of 5.48% and a return on equity of 1.48%. The business had revenue of $251.54 million during the quarter, compared to analysts' expectations of $246.49 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The company's quarterly revenue was up 2.9% on a year-over-year basis. As a group, analysts predict that Douglas Emmett will post 1.45 earnings per share for the current year.
Douglas Emmett Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 annualized dividend and a dividend yield of 4.87%. Douglas Emmett's payout ratio is 237.50%.
Institutional Investors Weigh In On Douglas Emmett
A number of hedge funds have recently modified their holdings of DEI. Northwestern Mutual Wealth Management Co. purchased a new position in Douglas Emmett during the first quarter worth about $30,000. Brooklyn Investment Group increased its holdings in shares of Douglas Emmett by 9,036.1% during the 1st quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust's stock worth $53,000 after buying an additional 3,253 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Douglas Emmett by 203.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after buying an additional 1,964 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Douglas Emmett during the 4th quarter valued at approximately $56,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Douglas Emmett in the first quarter valued at approximately $76,000. Hedge funds and other institutional investors own 97.37% of the company's stock.
About Douglas Emmett
(
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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.
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