Douglas Emmett, Inc. (NYSE:DEI) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research report issued on Wednesday.
DEI has been the subject of several other reports. Stifel Nicolaus reiterated a “buy” rating and issued a $42.00 target price on shares of Douglas Emmett in a research note on Thursday, September 21st. Zacks Investment Research upgraded shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Tuesday, July 18th. Mizuho reiterated a “hold” rating and issued a $41.00 target price on shares of Douglas Emmett in a research note on Friday, October 27th. Robert W. Baird raised their target price on shares of Douglas Emmett from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, KeyCorp reiterated a “hold” rating on shares of Douglas Emmett in a research note on Sunday, September 24th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $40.60.
Shares of Douglas Emmett (NYSE DEI) traded down $0.17 during trading hours on Wednesday, reaching $40.51. 479,901 shares of the company traded hands, compared to its average volume of 743,972. Douglas Emmett has a twelve month low of $34.98 and a twelve month high of $41.12. The firm has a market cap of $6,891.20, a P/E ratio of 21.51, a P/E/G ratio of 3.33 and a beta of 0.72.
Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The business had revenue of $208.75 million during the quarter, compared to the consensus estimate of $203.99 million. During the same period last year, the business posted $0.47 EPS. Douglas Emmett’s revenue was up 8.7% on a year-over-year basis. research analysts expect that Douglas Emmett will post 1.9 EPS for the current year.
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In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $38.99, for a total transaction of $3,899,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 17.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Eii Capital Management Inc. bought a new position in shares of Douglas Emmett during the third quarter worth approximately $1,578,000. Ameritas Investment Partners Inc. increased its holdings in shares of Douglas Emmett by 5.1% during the third quarter. Ameritas Investment Partners Inc. now owns 46,187 shares of the real estate investment trust’s stock worth $1,799,000 after purchasing an additional 2,240 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Douglas Emmett by 13.1% during the third quarter. Neuberger Berman Group LLC now owns 1,746,925 shares of the real estate investment trust’s stock worth $68,864,000 after purchasing an additional 202,679 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Douglas Emmett by 108.1% during the third quarter. Janus Henderson Group PLC now owns 286,240 shares of the real estate investment trust’s stock worth $11,284,000 after purchasing an additional 148,700 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Douglas Emmett during the third quarter worth approximately $403,000. Hedge funds and other institutional investors own 95.88% of the company’s stock.
About Douglas Emmett
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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