Douglas Emmett (DEI) Receives “Hold” Rating from Sandler O’Neill

Douglas Emmett (NYSE:DEI)‘s stock had its “hold” rating reiterated by analysts at Sandler O’Neill in a note issued to investors on Tuesday. They currently have a $42.00 price target on the real estate investment trust’s stock. Sandler O’Neill’s price target would suggest a potential upside of 6.82% from the company’s current price.

Several other analysts have also issued reports on the company. Zacks Investment Research lowered Douglas Emmett from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Robert W. Baird reissued a “buy” rating and set a $45.00 price target on shares of Douglas Emmett in a report on Tuesday, January 9th. TheStreet raised Douglas Emmett from a “c+” rating to a “b-” rating in a report on Wednesday, November 15th. Stifel Nicolaus reissued a “buy” rating and set a $43.00 price target (up previously from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. Finally, Mizuho reissued a “hold” rating and set a $41.00 price target on shares of Douglas Emmett in a report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.22.

Douglas Emmett (NYSE:DEI) traded up $0.41 during trading hours on Tuesday, reaching $39.32. The company’s stock had a trading volume of 584,774 shares, compared to its average volume of 896,943. Douglas Emmett has a twelve month low of $36.60 and a twelve month high of $41.59. The company has a market capitalization of $6,670.00, a price-to-earnings ratio of 75.62, a PEG ratio of 3.01 and a beta of 0.71.

Douglas Emmett (NYSE:DEI) last released its quarterly 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 return on equity of 2.58% and a net margin of 11.29%. The business had revenue of $208.75 million during the quarter, compared to analyst estimates of $203.99 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. Douglas Emmett’s revenue for the quarter was up 8.7% on a year-over-year basis. research analysts forecast that Douglas Emmett will post 1.9 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DEI. PNC Financial Services Group Inc. boosted its stake in shares of Douglas Emmett by 14.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,120 shares of the real estate investment trust’s stock worth $158,000 after acquiring an additional 520 shares during the period. Advisor Group Inc. boosted its stake in shares of Douglas Emmett by 451.6% in the third quarter. Advisor Group Inc. now owns 4,065 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 3,328 shares during the period. Virtu KCG Holdings LLC bought a new position in shares of Douglas Emmett in the second quarter worth about $206,000. Timber Hill LLC bought a new position in shares of Douglas Emmett in the third quarter worth about $206,000. Finally, CIBC Asset Management Inc bought a new position in shares of Douglas Emmett in the third quarter worth about $206,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

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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).

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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