Douglas Emmett (NYSE:DEI) Upgraded at Scotiabank

Scotiabank upgraded shares of Douglas Emmett (NYSE:DEI) from a sector perform rating to a sector outperform rating in a research report released on Thursday, Marketbeat.com reports. They currently have $21.00 price target on the real estate investment trust’s stock, up from their prior price target of $16.00.

A number of other brokerages also recently issued reports on DEI. JPMorgan Chase & Co. boosted their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Citigroup raised their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Wells Fargo & Company raised their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Evercore ISI boosted their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their target price on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Douglas Emmett has an average rating of “Hold” and a consensus price target of $17.43.

Douglas Emmett Stock Down 0.5 %

Douglas Emmett stock opened at $18.39 on Thursday. Douglas Emmett has a 12 month low of $11.08 and a 12 month high of $19.59. The stock has a fifty day simple moving average of $17.79 and a two-hundred day simple moving average of $15.56. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -183.90 and a beta of 1.10. The company has a current ratio of 4.09, a quick ratio of 5.11 and a debt-to-equity ratio of 1.51.

Douglas Emmett (NYSE:DEI) last announced 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). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The company had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. Equities analysts predict that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 4.13%. Douglas Emmett’s payout ratio is currently -760.00%.

Institutional Trading of Douglas Emmett

Several institutional investors and hedge funds have recently made changes to their positions in DEI. Wolverine Asset Management LLC purchased a new position in Douglas Emmett during the 2nd quarter valued at about $32,000. Venturi Wealth Management LLC bought a new position in shares of Douglas Emmett during the third quarter valued at approximately $48,000. Quarry LP increased its holdings in Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,505 shares during the period. 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 lifted its holdings in Douglas Emmett by 44.6% during 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 during the period. 97.37% of the stock is currently owned by institutional investors.

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.