Douglas Emmett, Inc. (NYSE:DEI) has been assigned an average rating of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $41.00.
A number of research firms recently commented on DEI. BMO Capital Markets set a $39.00 price target on shares of Douglas Emmett and gave the stock a “hold” rating in a report on Tuesday, February 13th. Barclays lifted their price target on shares of Douglas Emmett from $36.00 to $37.00 and gave the stock an “underweight” rating in a report on Tuesday, January 30th. Zacks Investment Research cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Sandler O’Neill reaffirmed a “hold” rating and issued a $42.00 price target on shares of Douglas Emmett in a report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Douglas Emmett from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday.
Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in Douglas Emmett by 514.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 2,211 shares in the last quarter. Advisor Group Inc. grew its stake in Douglas Emmett by 451.6% in the 3rd quarter. Advisor Group Inc. now owns 4,065 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 3,328 shares in the last quarter. Advisors Preferred LLC purchased a new position in Douglas Emmett in the 4th quarter valued at approximately $165,000. Vident Investment Advisory LLC purchased a new position in Douglas Emmett in the 4th quarter valued at approximately $215,000. Finally, Lourd Capital LLC purchased a new position in Douglas Emmett in the 4th quarter valued at approximately $312,000. Institutional investors and hedge funds own 98.29% of the company’s stock.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $209.19 million during the quarter, compared to the consensus estimate of $202.00 million. Douglas Emmett had a return on equity of 2.69% and a net margin of 12.36%. equities analysts predict that Douglas Emmett will post 1.99 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Thursday, March 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 2.82%. Douglas Emmett’s dividend payout ratio is 175.44%.
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Douglas Emmett Company Profile
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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