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

Douglas Emmett, Inc. (NYSE:DEI) has earned a consensus rating of “Hold” from the nine analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $13.5714.

Several research analysts have recently weighed in on the company. Wall Street Zen cut Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Weiss Ratings raised Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Wells Fargo & Company lifted their price objective on Douglas Emmett from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Piper Sandler boosted their target price on Douglas Emmett from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Finally, Citigroup boosted their target price on Douglas Emmett from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bayhunt Capital LLC purchased a new stake in Douglas Emmett during the fourth quarter valued at $4,012,000. Centersquare Investment Management LLC boosted its position in Douglas Emmett by 54.7% in the fourth quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust’s stock worth $27,909,000 after purchasing an additional 897,630 shares during the last quarter. Legal & General Group Plc boosted its position in Douglas Emmett by 18.9% in the fourth quarter. Legal & General Group Plc now owns 2,494,659 shares of the real estate investment trust’s stock worth $27,416,000 after purchasing an additional 396,487 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Douglas Emmett by 38.1% during the 1st quarter. Bessemer Group Inc. now owns 589,506 shares of the real estate investment trust’s stock valued at $5,553,000 after purchasing an additional 162,537 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Douglas Emmett by 42.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,248,144 shares of the real estate investment trust’s stock valued at $30,598,000 after purchasing an additional 962,787 shares during the period. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

Shares of NYSE:DEI opened at $11.97 on Friday. The business has a fifty day moving average price of $12.05 and a 200-day moving average price of $10.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.63 and a quick ratio of 2.63. The company has a market capitalization of $2.01 billion, a PE ratio of -70.42, a PEG ratio of 6.19 and a beta of 1.15. Douglas Emmett has a 1-year low of $9.04 and a 1-year high of $16.99.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $250.96 million for the quarter, compared to analysts’ expectations of $251.11 million. Douglas Emmett had a negative net margin of 2.59% and a negative return on equity of 0.74%. Douglas Emmett’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. As a group, equities analysts expect that Douglas Emmett will post 1.41 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Douglas Emmett’s payout ratio is presently -447.06%.

About Douglas Emmett

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.