Douglas Emmett (NYSE:DEI) Raised 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 report published on Monday morning.

Several other brokerages also recently weighed in on DEI. Jefferies Financial Group initiated coverage on Douglas Emmett in a research note on Monday, March 17th. They set a "hold" rating and a $16.00 target price on the stock. Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 target price on the stock in a research note on Monday, January 13th. Finally, Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $18.50.

Douglas Emmett Stock Down 0.3%

Shares of DEI traded down $0.04 during trading hours on Monday, hitting $14.93. The company had a trading volume of 2,081,220 shares, compared to its average volume of 1,717,537. The company has a market capitalization of $2.50 billion, a PE ratio of 114.85 and a beta of 1.21. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. Douglas Emmett has a one year low of $12.39 and a one year high of $20.50. The company's fifty day moving average price is $14.75 and its two-hundred day moving average price is $16.91.

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

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 5.09%. Douglas Emmett's payout ratio is presently 237.50%.

Institutional Trading of Douglas Emmett

Several large investors have recently added to or reduced their stakes in DEI. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Douglas Emmett in the first quarter worth about $30,000. Tower Research Capital LLC TRC boosted its stake in shares of Douglas Emmett by 203.9% in the fourth 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 in the fourth quarter worth about $56,000. Brooklyn Investment Group boosted its stake in shares of Douglas Emmett by 9,036.1% in the first 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. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Douglas Emmett by 222.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock worth $79,000 after buying an additional 2,933 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

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.