Wall Street Zen downgraded shares of Douglas Emmett (NYSE:DEI - Free Report) from a hold rating to a sell rating in a report issued on Saturday.
Several other equities research analysts also recently weighed in on DEI. Scotiabank cut their price target on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a report on Monday, July 14th. BMO Capital Markets set a $17.00 price objective on Douglas Emmett and gave the company a "market perform" rating in a report on Wednesday, July 16th. Piper Sandler dropped their price objective on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Finally, Wells Fargo & Company dropped their price objective on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $17.78.
Get Our Latest Stock Analysis on Douglas Emmett
Douglas Emmett Stock Down 2.4%
NYSE DEI traded down $0.35 during trading hours on Friday, hitting $14.09. 1,718,144 shares of the company were exchanged, compared to its average volume of 1,948,974. The company has a 50 day moving average of $15.19 and a two-hundred day moving average of $15.42. The company has a quick ratio of 3.89, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. Douglas Emmett has a 52-week low of $12.39 and a 52-week high of $20.50. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 64.03 and a beta of 1.26.
Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%. The company had revenue of $252.43 million for the quarter, compared to the consensus estimate of $250.98 million. During the same quarter in the prior year, the business earned $0.46 EPS. Douglas Emmett's revenue was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Douglas Emmett will post 1.45 earnings per share for the current year.
Douglas Emmett Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Monday, June 30th. Douglas Emmett's dividend payout ratio (DPR) is currently 345.45%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Douglas Emmett by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 833,426 shares of the real estate investment trust's stock worth $13,335,000 after buying an additional 21,771 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Douglas Emmett by 42.5% in the 4th quarter. Bank of America Corp DE now owns 609,662 shares of the real estate investment trust's stock valued at $11,315,000 after purchasing an additional 181,909 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Douglas Emmett in the 1st quarter valued at approximately $392,000. KBC Group NV grew its stake in shares of Douglas Emmett by 39.6% in the 1st quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock valued at $155,000 after purchasing an additional 2,743 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Douglas Emmett in the 1st quarter valued at approximately $1,219,000. Hedge funds and other institutional investors own 97.37% of the company's stock.
Douglas Emmett Company Profile
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Get Free Report)
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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