JPMorgan Chase & Co. Cuts Douglas Emmett (DEI) Price Target to $41.00

Douglas Emmett (NYSE:DEI) had its price objective reduced by JPMorgan Chase & Co. from $42.00 to $41.00 in a research report report published on Friday morning. They currently have a neutral rating on the real estate investment trust’s stock.

Several other research analysts have also commented on the company. Zacks Investment Research raised Douglas Emmett from a sell rating to a hold rating in a report on Tuesday, March 20th. Barclays boosted their price objective on Douglas Emmett from $37.00 to $38.00 and gave the stock an underweight rating in a report on Friday, March 16th. BMO Capital Markets set a $38.00 price objective on Douglas Emmett and gave the stock a hold rating in a report on Tuesday, February 27th. Stifel Nicolaus cut their price objective on Douglas Emmett from $43.00 to $40.00 and set a buy rating for the company in a report on Thursday, February 15th. Finally, Sandler O’Neill reissued a hold rating and set a $42.00 price objective on shares of Douglas Emmett in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $41.22.

How to Become a New Pot Stock Millionaire

Douglas Emmett (NYSE DEI) opened at $35.46 on Friday. The firm has a market capitalization of $6,012.81, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.68 and a beta of 0.70. Douglas Emmett has a twelve month low of $34.72 and a twelve month high of $41.59.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%. The company had revenue of $209.19 million for the quarter, compared to analysts’ expectations of $202.00 million. analysts predict that Douglas Emmett will post 1.99 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Thursday, March 29th will be given a $0.25 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 2.82%. Douglas Emmett’s payout ratio is 175.44%.

A number of large investors have recently added to or reduced their stakes in DEI. Deutsche Bank AG lifted its position in Douglas Emmett by 46.0% in the 4th quarter. Deutsche Bank AG now owns 4,969,626 shares of the real estate investment trust’s stock worth $204,049,000 after buying an additional 1,566,613 shares during the last quarter. BlackRock Inc. lifted its position in Douglas Emmett by 6.9% in the 4th quarter. BlackRock Inc. now owns 18,558,202 shares of the real estate investment trust’s stock worth $761,999,000 after buying an additional 1,193,815 shares during the last quarter. Cohen & Steers Inc. lifted its position in Douglas Emmett by 7.0% in the 3rd quarter. Cohen & Steers Inc. now owns 15,328,882 shares of the real estate investment trust’s stock worth $604,265,000 after buying an additional 1,000,650 shares during the last quarter. Renaissance Technologies LLC lifted its position in Douglas Emmett by 36.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,773,400 shares of the real estate investment trust’s stock worth $72,816,000 after buying an additional 474,400 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Douglas Emmett by 93.2% in the 4th quarter. Millennium Management LLC now owns 982,016 shares of the real estate investment trust’s stock worth $40,322,000 after buying an additional 473,779 shares during the last quarter. Institutional investors own 98.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3301445/jpmorgan-chase-co-cuts-douglas-emmett-dei-price-target-to-41-00.html.

About Douglas Emmett

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).

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

SmileyCoin Reaches Market Capitalization of $1.87 Million
SmileyCoin Reaches Market Capitalization of $1.87 Million
DeltaCredits Market Capitalization Reaches $0.00
DeltaCredits Market Capitalization Reaches $0.00
Reviewing Piedmont Office Realty Trust  & Sampo Group
Reviewing Piedmont Office Realty Trust & Sampo Group
Havven  Price Up 28% Over Last 7 Days
Havven Price Up 28% Over Last 7 Days
Head to Head Survey: Roper Technologies  & Mesa Laboratories
Head to Head Survey: Roper Technologies & Mesa Laboratories
Comparing PCM  & The Competition
Comparing PCM & The Competition


© 2006-2018 Ticker Report. Google+.