Douglas Emmett, Inc. (NYSE:DEI) Given Average Rating of “Hold” by Analysts

Douglas Emmett, Inc. (NYSE:DEI) has been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.50.

Several research analysts have recently commented on DEI shares. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a report on Monday, January 13th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a “hold” rating and a $16.00 price target for the company.

Douglas Emmett Trading Up 1.9 %

Shares of DEI opened at $14.02 on Friday. Douglas Emmett has a 1-year low of $12.39 and a 1-year high of $20.50. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The company has a market capitalization of $2.35 billion, a P/E ratio of 107.82 and a beta of 1.09. The firm’s 50 day simple moving average is $15.71 and its 200 day simple moving average is $17.43.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Sell-side analysts forecast that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett’s dividend payout ratio is currently 584.62%.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Douglas Emmett by 59.6% in the 4th quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock worth $144,662,000 after buying an additional 2,910,490 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock valued at $49,826,000 after purchasing an additional 1,520,348 shares in the last quarter. Norges Bank bought a new position in shares of Douglas Emmett during the fourth quarter valued at approximately $23,526,000. Northern Trust Corp lifted its holdings in shares of Douglas Emmett by 29.3% during the fourth quarter. Northern Trust Corp now owns 2,268,759 shares of the real estate investment trust’s stock valued at $42,108,000 after purchasing an additional 514,034 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Douglas Emmett in the 4th quarter worth approximately $9,045,000. Institutional investors own 97.37% of the company’s stock.

About Douglas Emmett

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.