Douglas Emmett (NYSE:DEI) Given New $47.00 Price Target at Raymond James

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Douglas Emmett (NYSE:DEI) had its price objective upped by Raymond James from $45.00 to $47.00 in a research report sent to investors on Friday, Stock Target Advisor reports. Raymond James currently has an outperform rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on DEI. ValuEngine upgraded shares of Douglas Emmett from a sell rating to a hold rating in a research note on Friday, November 1st. Robert W. Baird set a $51.00 target price on shares of Douglas Emmett and gave the company a buy rating in a research note on Wednesday, August 21st. BMO Capital Markets reiterated a hold rating and issued a $45.00 target price on shares of Douglas Emmett in a research note on Wednesday. Zacks Investment Research cut shares of Douglas Emmett from a buy rating to a hold rating in a research note on Monday, November 4th. Finally, Barclays reiterated a hold rating and issued a $47.00 target price on shares of Douglas Emmett in a research note on Sunday, October 13th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $44.33.

Shares of NYSE DEI traded up $0.04 during mid-day trading on Friday, hitting $43.24. The company had a trading volume of 484,995 shares, compared to its average volume of 797,068. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.74 and a quick ratio of 3.74. The business’s 50-day simple moving average is $42.70 and its 200-day simple moving average is $41.48. Douglas Emmett has a 12 month low of $32.32 and a 12 month high of $43.76. The firm has a market cap of $7.59 billion, a P/E ratio of 21.41, a PEG ratio of 3.38 and a beta of 0.65.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.38). Douglas Emmett had a net margin of 12.05% and a return on equity of 2.84%. The company had revenue of $238.07 million during the quarter, compared to the consensus estimate of $237.69 million. During the same quarter in the previous year, the business posted $0.51 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts predict that Douglas Emmett will post 2.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Friday, September 27th. Douglas Emmett’s dividend payout ratio is 51.49%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LS Investment Advisors LLC lifted its stake in Douglas Emmett by 3.7% during the third quarter. LS Investment Advisors LLC now owns 8,143 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 292 shares during the period. Exane Derivatives raised its stake in shares of Douglas Emmett by 7.2% in the third quarter. Exane Derivatives now owns 5,216 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 350 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Douglas Emmett by 1.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 30,270 shares of the real estate investment trust’s stock valued at $1,296,000 after acquiring an additional 370 shares during the last quarter. Profund Advisors LLC raised its stake in shares of Douglas Emmett by 2.4% in the second quarter. Profund Advisors LLC now owns 24,023 shares of the real estate investment trust’s stock valued at $957,000 after acquiring an additional 567 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its stake in shares of Douglas Emmett by 12.2% in the third quarter. Great Lakes Advisors LLC now owns 5,655 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 615 shares during the last quarter. Hedge funds and other institutional investors own 92.54% of the company’s stock.

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.

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Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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