Jefferies Financial Group Begins Coverage on Douglas Emmett (NYSE:DEI)

Research analysts at Jefferies Financial Group started coverage on shares of Douglas Emmett (NYSE:DEI) in a report issued on Monday. The brokerage set a “hold” rating and a $16.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s target price suggests a potential upside of 2.30% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their price target for the stock 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. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Monday, January 13th. Finally, StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Douglas Emmett currently has a consensus rating of “Hold” and a consensus price target of $18.50.

Douglas Emmett Trading Up 1.6 %

Shares of Douglas Emmett stock opened at $15.64 on Monday. Douglas Emmett has a fifty-two week low of $12.50 and a fifty-two week high of $20.50. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The company has a market capitalization of $2.62 billion, a P/E ratio of 120.32 and a beta of 1.13. The company has a fifty day moving average of $17.07 and a 200 day moving average of $17.76.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS 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%. On average, sell-side analysts anticipate that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Institutional Trading of Douglas Emmett

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in shares of Douglas Emmett by 203.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Douglas Emmett in the 4th quarter valued at $56,000. Smartleaf Asset Management LLC lifted its position in shares of Douglas Emmett by 222.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 2,933 shares in the last quarter. GAMMA Investing LLC boosted its position in Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 750 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in Douglas Emmett by 30.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 1,172 shares during the period. Hedge funds and other institutional investors own 97.37% 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.