Douglas Emmett (DEI) – Analysts’ Weekly Ratings Changes

Douglas Emmett (NYSE: DEI) has recently received a number of price target changes and ratings updates:

  • 1/15/2020 – Douglas Emmett was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $44.00 price target on the stock.
  • 1/14/2020 – Douglas Emmett had its price target lowered by analysts at Barclays PLC from $47.00 to $44.00. They now have an “equal weight” rating on the stock.
  • 1/10/2020 – Douglas Emmett was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Douglas Emmett, Inc. 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. “
  • 1/1/2020 – Douglas Emmett was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “Douglas Emmett, Inc. 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. “

NYSE DEI traded down $0.10 on Monday, hitting $42.28. 2,360,705 shares of the company’s stock were exchanged, compared to its average volume of 957,480. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 65.05, a P/E/G ratio of 2.97 and a beta of 0.65. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.38 and a quick ratio of 2.38. The firm’s 50-day moving average price is $43.28 and its two-hundred day moving average price is $42.33. Douglas Emmett, Inc. has a fifty-two week low of $35.89 and a fifty-two week high of $45.08.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.38). The firm had revenue of $238.07 million during the quarter, compared to analyst estimates of $237.69 million. Douglas Emmett had a return on equity of 2.83% and a net margin of 12.05%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. On average, research analysts predict that Douglas Emmett, Inc. will post 2.1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.65%. This is a boost from Douglas Emmett’s previous quarterly dividend of $0.26. Douglas Emmett’s payout ratio is presently 55.45%.

Several hedge funds have recently modified their holdings of DEI. Rhumbline Advisers lifted its position in shares of Douglas Emmett by 0.9% in the 3rd quarter. Rhumbline Advisers now owns 444,332 shares of the real estate investment trust’s stock worth $19,031,000 after purchasing an additional 3,939 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Douglas Emmett by 133.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 700 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Douglas Emmett by 1.7% during the third quarter. Public Employees Retirement System of Ohio now owns 255,593 shares of the real estate investment trust’s stock valued at $10,947,000 after buying an additional 4,194 shares during the period. Pensionfund DSM Netherlands bought a new position in Douglas Emmett during the fourth quarter valued at about $439,000. Finally, Texas Permanent School Fund grew its position in Douglas Emmett by 2.1% during the third quarter. Texas Permanent School Fund now owns 112,125 shares of the real estate investment trust’s stock valued at $4,802,000 after buying an additional 2,336 shares during the period. 92.94% of the stock is owned by institutional investors.

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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