Douglas Emmett (NYSE:DEI) PT Raised to $47.00

Douglas Emmett (NYSE:DEI) had its target price raised by stock analysts at Raymond James from $45.00 to $47.00 in a research report issued on Friday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price target points to a potential upside of 8.70% from the stock’s current price.

Other research analysts have also issued reports about the company. Barclays reissued a “hold” rating and issued a $47.00 price objective on shares of Douglas Emmett in a research report on Sunday, October 13th. BMO Capital Markets reissued a “hold” rating and issued a $45.00 price objective on shares of Douglas Emmett in a research report on Wednesday. Robert W. Baird set a $51.00 price objective on Douglas Emmett and gave the company a “buy” rating in a research report on Wednesday, August 21st. Zacks Investment Research lowered Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, ValuEngine raised Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $44.33.

Shares of DEI traded up $0.04 during trading hours on Friday, hitting $43.24. The stock had a trading volume of 484,995 shares, compared to its average volume of 797,068. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.74 and a current ratio of 3.74. The firm has a market cap of $7.59 billion, a P/E ratio of 21.41, a P/E/G ratio of 3.38 and a beta of 0.65. The company’s fifty day simple moving average is $42.70 and its 200 day simple moving average is $41.48. Douglas Emmett has a 12-month low of $32.32 and a 12-month high of $43.76.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.38). Douglas Emmett had a net margin of 12.05% and a return on equity of 2.84%. The company had revenue of $238.07 million during the quarter, compared to analysts’ expectations of $237.69 million. During the same period last year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that Douglas Emmett will post 2.09 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in DEI. Zimmer Partners LP grew its stake in shares of Douglas Emmett by 459.7% during the second quarter. Zimmer Partners LP now owns 6,507,082 shares of the real estate investment trust’s stock valued at $259,242,000 after acquiring an additional 5,344,582 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Douglas Emmett by 45.0% during the second quarter. Bank of New York Mellon Corp now owns 2,915,912 shares of the real estate investment trust’s stock valued at $116,170,000 after acquiring an additional 904,350 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Douglas Emmett by 137.7% during the second quarter. Nuveen Asset Management LLC now owns 1,333,606 shares of the real estate investment trust’s stock valued at $53,131,000 after acquiring an additional 772,521 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. Finally, Russell Investments Group Ltd. grew its stake in shares of Douglas Emmett by 41.4% during the third quarter. Russell Investments Group Ltd. now owns 1,468,775 shares of the real estate investment trust’s stock valued at $62,785,000 after acquiring an additional 430,284 shares in the last quarter. Institutional investors own 92.54% 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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