Douglas Emmett (NYSE:DEI) Upgraded to "Hold" at StockNews.com

StockNews.com upgraded shares of Douglas Emmett (NYSE:DEI - Free Report) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

A number of other equities research analysts have also commented on DEI. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price target for the company in a research report on Monday, January 13th. Janney Montgomery Scott reiterated a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group started coverage on Douglas Emmett in a report on Monday, March 17th. They set a "hold" rating and a $16.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $18.50.

Douglas Emmett Trading Down 0.3%

Shares of Douglas Emmett stock traded down $0.04 during midday trading on Monday, reaching $14.93. The company had a trading volume of 2,081,220 shares, compared to its average volume of 1,716,204. Douglas Emmett has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The stock has a fifty day moving average price of $14.77 and a 200 day moving average price of $16.93. The firm has a market cap of $2.50 billion, a PE ratio of 114.85 and a beta of 1.21.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share 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 quarter in the prior year, the business earned $0.45 earnings per share. The business's quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Douglas Emmett will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business 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 5.09%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's dividend payout ratio is currently 237.50%.

Hedge Funds Weigh In On Douglas Emmett

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after buying an additional 1,520,348 shares during the period. Empowered Funds LLC purchased a new stake in Douglas Emmett in the fourth quarter worth $412,000. Principal Financial Group Inc. increased its stake in shares of Douglas Emmett by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust's stock worth $15,064,000 after acquiring an additional 22,878 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Douglas Emmett during the fourth quarter valued at approximately $281,000. Finally, Amundi raised its stake in Douglas Emmett by 47.7% during the fourth quarter. Amundi now owns 170,038 shares of the real estate investment trust's stock valued at $2,874,000 after buying an additional 54,899 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other 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.