Douglas Emmett (NYSE:DEI) Price Target Raised to $18.00

Douglas Emmett (NYSE:DEI) had its price target increased by Jefferies Financial Group from $17.00 to $18.00 in a research note released on Thursday,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

DEI has been the topic of a number of other reports. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Wells Fargo & Company lifted their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. raised their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $19.00 to $21.00 in a research report on Thursday. 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 report on Thursday, September 12th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and an average target price of $18.25.

Douglas Emmett Price Performance

Shares of DEI opened at $18.94 on Thursday. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of -189.40 and a beta of 1.11. The firm’s fifty day simple moving average is $18.88 and its 200-day simple moving average is $16.86. Douglas Emmett has a twelve month low of $12.35 and a twelve month high of $20.50. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51.

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

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Tuesday, December 31st. Douglas Emmett’s dividend payout ratio is currently -760.00%.

Hedge Funds Weigh In On Douglas Emmett

Several hedge funds and other institutional investors have recently bought and sold shares of DEI. Wolverine Asset Management LLC purchased a new position in shares of Douglas Emmett in the second quarter valued at $32,000. Venturi Wealth Management LLC purchased a new stake in shares of Douglas Emmett in the third quarter valued at about $48,000. Quarry LP lifted its holdings in shares of Douglas Emmett by 155.0% in the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 2,505 shares in the last quarter. Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 3,396 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 1,175 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

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.