Douglas Emmett, Inc. (NYSE:DEI) Stock Has Consensus Target Price of $13.14

Shares of Douglas Emmett, Inc. (NYSE:DEI) have received an average recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.14.

A number of brokerages recently issued reports on DEI. Piper Sandler decreased their price objective on shares of Douglas Emmett from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, October 12th. JPMorgan Chase & Co. raised their target price on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 9th. Scotiabank cut their target price on Douglas Emmett from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Cantor Fitzgerald boosted their price target on Douglas Emmett from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th.

Douglas Emmett Price Performance

Shares of DEI opened at $9.85 on Friday. The firm has a market cap of $1.65 billion, a PE ratio of -75.73, a PEG ratio of 3.16 and a beta of 1.18. The firm’s 50 day moving average price is $10.09 and its 200 day moving average price is $10.85. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.60 and a current ratio of 2.01. Douglas Emmett has a twelve month low of $9.04 and a twelve month high of $12.97.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.38). Douglas Emmett had a negative return on equity of 0.60% and a negative net margin of 2.04%. The business had revenue of $260.86 million during the quarter, compared to the consensus estimate of $256.76 million. During the same period in the prior year, the firm earned $0.34 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. As a group, research analysts expect that Douglas Emmett will post 1.41 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently -584.62%.

Institutional Investors Weigh In On Douglas Emmett

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC acquired a new position in Douglas Emmett during the second quarter valued at approximately $38,000. Fulcrum Asset Management LLP lifted its stake in shares of Douglas Emmett by 5,480.6% in the third quarter. Fulcrum Asset Management LLP now owns 3,460 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 3,398 shares during the last quarter. Nykredit A S acquired a new stake in shares of Douglas Emmett in the second quarter worth $42,000. Farther Finance Advisors LLC lifted its stake in shares of Douglas Emmett by 164.8% in the third quarter. Farther Finance Advisors LLC now owns 4,256 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 2,649 shares during the last quarter. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Douglas Emmett during the 2nd quarter worth $64,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Company Profile

Douglas Emmett, Inc. is a real estate investment trust (REIT) that owns, operates and acquires office and multifamily properties. Its portfolio is concentrated in established neighborhoods in Los Angeles and Honolulu, with properties serving businesses and residents in those markets. The company focuses on office buildings and apartment communities in areas including West Los Angeles and Honolulu. Its business includes managing and leasing its properties, as well as pursuing acquisitions and other opportunities to grow and maintain its portfolio.