Raymond James Trims Douglas Emmett (DEI) Target Price to $42.00

Douglas Emmett (NYSE:DEI) had its price objective lowered by Raymond James from $44.00 to $42.00 in a report issued on Monday. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently weighed in on the stock. Scotiabank began coverage on shares of Douglas Emmett in a research report on Tuesday, October 16th. They set an outperform rating for the company. Zacks Investment Research cut shares of Douglas Emmett from a buy rating to a hold rating in a research report on Friday, October 12th. Bank of America dropped their price target on shares of Douglas Emmett from $44.00 to $42.50 and set a buy rating for the company in a research report on Monday, September 10th. Barclays increased their price target on shares of Douglas Emmett from $38.00 to $39.00 and gave the company an underweight rating in a research report on Thursday, August 30th. Finally, Citigroup increased their price target on shares of Douglas Emmett from $38.00 to $39.00 and gave the company a neutral rating in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $41.59.

Shares of DEI opened at $36.25 on Monday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 2.63 and a beta of 0.58. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.96 and a quick ratio of 2.30. Douglas Emmett has a twelve month low of $34.72 and a twelve month high of $41.59.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.33). The firm had revenue of $223.30 million for the quarter, compared to analysts’ expectations of $222.50 million. Douglas Emmett had a net margin of 14.32% and a return on equity of 3.06%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 EPS. As a group, equities research analysts forecast that Douglas Emmett will post 2.02 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 16th. Stockholders of record on Friday, September 28th were given a $0.25 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.76%. Douglas Emmett’s dividend payout ratio is 52.63%.

Several large investors have recently bought and sold shares of DEI. Qube Research & Technologies Ltd purchased a new stake in shares of Douglas Emmett in the 2nd quarter worth about $165,000. Natixis purchased a new stake in shares of Douglas Emmett in the 2nd quarter worth about $218,000. Cadence Capital Management LLC purchased a new stake in shares of Douglas Emmett in the 2nd quarter worth about $250,000. CIBC Asset Management Inc purchased a new stake in shares of Douglas Emmett in the 2nd quarter worth about $254,000. Finally, Signition LP purchased a new stake in shares of Douglas Emmett in the 3rd quarter worth about $266,000. 95.10% of the stock is owned by hedge funds and other 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.

Featured Article: NASDAQ

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply