Free Trial

Douglas Emmett (NYSE:DEI) Raised to "Market Perform" at BMO Capital Markets

Douglas Emmett logo with Finance background

BMO Capital Markets upgraded shares of Douglas Emmett (NYSE:DEI - Free Report) from an underperform rating to a market perform rating in a research note issued to investors on Wednesday morning, Marketbeat reports. They currently have $17.00 price objective on the real estate investment trust's stock.

A number of other equities analysts have also weighed in on DEI. Wall Street Zen upgraded shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Scotiabank lowered their price objective on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research report on Monday, July 14th. Wells Fargo & Company lowered their price objective on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Finally, Piper Sandler cut their target price on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Douglas Emmett presently has a consensus rating of "Hold" and a consensus price target of $17.78.

View Our Latest Stock Report on DEI

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock traded down $0.25 during trading on Wednesday, reaching $15.44. The company's stock had a trading volume of 1,142,077 shares, compared to its average volume of 1,774,790. The company has a 50-day moving average price of $14.97 and a two-hundred day moving average price of $15.69. The firm has a market cap of $2.59 billion, a PE ratio of 48.25 and a beta of 1.23. Douglas Emmett has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 1.54.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $251.54 million for the quarter, compared to analysts' expectations of $246.49 million. Douglas Emmett had a net margin of 5.48% and a return on equity of 1.48%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. On average, analysts forecast 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, July 15th. Investors of record on Monday, June 30th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 annualized dividend and a dividend yield of 4.92%. Douglas Emmett's dividend payout ratio is presently 237.50%.

Institutional Investors Weigh In On Douglas Emmett

Several institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its position in shares of Douglas Emmett by 1.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust's stock worth $147,437,000 after buying an additional 125,727 shares in the last quarter. FMR LLC raised its stake in Douglas Emmett by 59.6% in the 4th quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock valued at $144,662,000 after purchasing an additional 2,910,490 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Douglas Emmett by 13.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,195,729 shares of the real estate investment trust's stock valued at $67,134,000 after purchasing an additional 492,997 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Douglas Emmett by 130.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after purchasing an additional 1,520,348 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in Douglas Emmett by 0.4% in the 4th quarter. Hsbc Holdings PLC now owns 2,508,153 shares of the real estate investment trust's stock valued at $46,265,000 after purchasing an additional 9,876 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Company Profile

(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.

See Also

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

Should You Invest $1,000 in Douglas Emmett Right Now?

Before you consider Douglas Emmett, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Douglas Emmett wasn't on the list.

While Douglas Emmett currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk
3 Overlooked AI Stocks That Chipmakers Can’t Live Without

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines