Douglas Emmett (NYSE:DEI) Reaches New 1-Year High – Should You Buy?

Douglas Emmett, Inc. (NYSE:DEI)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $20.45 and last traded at $20.45, with a volume of 3059 shares. The stock had previously closed at $19.97.

Analyst Upgrades and Downgrades

DEI has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Evercore ISI increased their price objective on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Wells Fargo & Company increased their price objective on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Finally, Citigroup increased their price objective on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.43.

Douglas Emmett Price Performance

The stock has a fifty day moving average price of $18.81 and a 200-day moving average price of $16.44. The firm has a market capitalization of $3.40 billion, a PE ratio of -203.20 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The company had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year. Sell-side analysts forecast that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 3.74%. Douglas Emmett’s dividend payout ratio (DPR) is -760.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC purchased a new position in Douglas Emmett during the 2nd quarter worth $32,000. Venturi Wealth Management LLC purchased a new position in Douglas Emmett during the 3rd quarter worth $48,000. Blue Trust Inc. grew its stake in Douglas Emmett by 1,081.5% during the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 3,396 shares during the last quarter. GAMMA Investing LLC grew its stake in Douglas Emmett by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,175 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in Douglas Emmett by 62.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 1,476 shares during the last quarter. 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.