Douglas Emmett (NYSE:DEI) Price Target Raised to $16.00

Douglas Emmett (NYSE:DEI) had its price target boosted by Piper Sandler from $15.00 to $16.00 in a report issued on Monday, Benzinga reports. Piper Sandler currently has a neutral rating on the real estate investment trust’s stock.

Separately, StockNews.com upgraded Douglas Emmett from a sell rating to a hold rating in a research report on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $14.25.

Douglas Emmett Price Performance

NYSE:DEI opened at $15.00 on Monday. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of -48.39 and a beta of 1.09. The company has a debt-to-equity ratio of 1.45, a current ratio of 4.42 and a quick ratio of 4.42. The business has a 50 day simple moving average of $14.25 and a 200-day simple moving average of $13.78. Douglas Emmett has a 1 year low of $10.76 and a 1 year high of $16.57.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.37). Douglas Emmett had a negative return on equity of 1.33% and a negative net margin of 5.40%. The firm had revenue of $245.80 million for the quarter, compared to analysts’ expectations of $246.62 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. Equities analysts forecast that Douglas Emmett will post 1.66 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Friday, June 28th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, June 28th. This represents a $0.76 dividend on an annualized basis and a yield of 5.07%. Douglas Emmett’s payout ratio is -245.16%.

Insider Buying and Selling at Douglas Emmett

In related news, Director William E. Simon, Jr. bought 45,000 shares of Douglas Emmett stock in a transaction dated Monday, June 10th. The shares were acquired at an average cost of $13.15 per share, with a total value of $591,750.00. Following the completion of the transaction, the director now owns 45,000 shares in the company, valued at approximately $591,750. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 14.70% of the stock is owned by corporate insiders.

Institutional Trading of Douglas Emmett

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Douglas Emmett by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after buying an additional 229,301 shares during the period. Wellington Management Group LLP lifted its stake in shares of Douglas Emmett by 1.7% during the 4th quarter. Wellington Management Group LLP now owns 9,358,733 shares of the real estate investment trust’s stock worth $135,702,000 after purchasing an additional 156,761 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Douglas Emmett by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock valued at $107,681,000 after purchasing an additional 165,425 shares in the last quarter. First Pacific Advisors LP grew its stake in Douglas Emmett by 10.5% in the fourth quarter. First Pacific Advisors LP now owns 5,546,488 shares of the real estate investment trust’s stock valued at $80,424,000 after purchasing an additional 527,036 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its holdings in Douglas Emmett by 20.8% in the first quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after purchasing an additional 751,419 shares in the last quarter. 97.37% of the stock is currently 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.