Evercore ISI Issues Positive Forecast for Douglas Emmett (NYSE:DEI) Stock Price

Douglas Emmett (NYSE:DEI) had its target price lifted by Evercore ISI from $16.00 to $19.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective points to a potential upside of 2.07% from the company’s previous close.

A number of other research analysts have also commented on the stock. Citigroup boosted their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Piper Sandler upped their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Wells Fargo & Company upped their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. upped their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Scotiabank upped their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.71.

Douglas Emmett Stock Up 0.7 %

DEI opened at $18.62 on Thursday. The company has a fifty day moving average price of $17.40 and a 200-day moving average price of $15.32. The firm has a market capitalization of $3.12 billion, a P/E ratio of -88.64 and a beta of 1.10. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11. Douglas Emmett has a one year low of $10.76 and a one year high of $19.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). The firm had revenue of $250.75 million for the quarter, compared to analysts’ expectations of $242.75 million. Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. Equities research analysts expect that Douglas Emmett will post 1.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC bought a new position in Douglas Emmett in the second quarter worth about $32,000. Venturi Wealth Management LLC bought a new position in Douglas Emmett in the third quarter worth about $48,000. Quarry LP raised its stake in Douglas Emmett by 155.0% in the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,505 shares in the last quarter. Blue Trust Inc. raised its stake in Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 3,396 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 1,175 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

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.