Douglas Emmett (NYSE:DEI) Downgraded by ValuEngine to “Sell”

ValuEngine cut shares of Douglas Emmett (NYSE:DEI) from a hold rating to a sell rating in a report published on Wednesday, ValuEngine reports.

Several other analysts also recently issued reports on the company. Zacks Investment Research upgraded Douglas Emmett from a sell rating to a hold rating in a report on Monday, August 5th. Robert W. Baird set a $51.00 target price on Douglas Emmett and gave the company a buy rating in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $42.63.

NYSE DEI traded up $0.26 during trading hours on Wednesday, hitting $43.01. The company had a trading volume of 692,211 shares, compared to its average volume of 961,260. Douglas Emmett has a fifty-two week low of $32.32 and a fifty-two week high of $43.13. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 3.48 and a beta of 0.67. 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 firm’s 50 day moving average is $42.10 and its 200 day moving average is $41.14.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. Douglas Emmett had a return on equity of 3.05% and a net margin of 13.54%. The firm had revenue of $230.50 million during the quarter, compared to the consensus estimate of $226.45 million. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Douglas Emmett will post 2.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.04 annualized dividend and a dividend yield of 2.42%. Douglas Emmett’s dividend payout ratio is presently 51.49%.

Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP grew its stake in shares of Douglas Emmett by 52.9% during the second quarter. First Trust Advisors LP now owns 88,194 shares of the real estate investment trust’s stock valued at $3,514,000 after acquiring an additional 30,520 shares in the last quarter. Altshuler Shaham Ltd grew its stake in shares of Douglas Emmett by 102.2% during the second quarter. Altshuler Shaham Ltd now owns 2,218 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 1,121 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Douglas Emmett by 17.3% during the second quarter. Renaissance Technologies LLC now owns 4,798,800 shares of the real estate investment trust’s stock valued at $191,184,000 after acquiring an additional 706,200 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Douglas Emmett during the second quarter valued at about $959,000. Finally, WINTON GROUP Ltd lifted its position in shares of Douglas Emmett by 6,381.8% during the second quarter. WINTON GROUP Ltd now owns 430,715 shares of the real estate investment trust’s stock worth $17,160,000 after purchasing an additional 424,070 shares during the last quarter. Institutional investors own 92.42% 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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