Jefferies Financial Group Initiates Coverage on Douglas Emmett (NYSE:DEI)

Jefferies Financial Group began coverage on shares of Douglas Emmett (NYSE:DEI) in a research report report published on Monday, Marketbeat Ratings reports. The firm issued a hold rating and a $16.00 price target on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on the company. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Finally, Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.50.

Douglas Emmett Trading Up 0.9 %

Shares of DEI stock opened at $16.07 on Monday. The stock has a market cap of $2.69 billion, a P/E ratio of 123.63 and a beta of 1.13. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett has a fifty-two week low of $12.50 and a fifty-two week high of $20.50. The business has a fifty day simple moving average of $16.97 and a 200-day simple moving average of $17.75.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. On average, analysts forecast that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s payout ratio is 584.62%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DEI. Tower Research Capital LLC TRC grew its holdings in 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 valued at $54,000 after purchasing an additional 1,964 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Douglas Emmett in the 4th quarter valued at $56,000. Smartleaf Asset Management LLC grew its stake in shares of Douglas Emmett by 222.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 2,933 shares during the period. GAMMA Investing LLC increased its holdings in shares of Douglas Emmett by 19.7% during the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 750 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its position in shares of Douglas Emmett by 30.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after buying an additional 1,172 shares during the period. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

About Douglas Emmett

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.