Douglas Emmett (NYSE:DEI) was upgraded by investment analysts at Barclays from an “underweight” rating to an “equal weight” rating in a report issued on Monday, February 4th, MarketBeat.com reports. The firm currently has a $39.00 target price on the real estate investment trust’s stock, up from their prior target price of $37.00. Barclays‘s price objective would indicate a potential upside of 0.78% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Raymond James decreased their target price on shares of Douglas Emmett from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th. Sandler O’Neill raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Thursday, November 15th. Scotiabank assumed coverage on shares of Douglas Emmett in a research report on Tuesday, October 16th. They set an “outperform” rating on the stock. Finally, TheStreet downgraded shares of Douglas Emmett from a “b-” rating to a “c+” rating in a research report on Monday, December 3rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $41.09.
NYSE DEI traded up $0.10 during trading hours on Monday, reaching $38.70. 696,782 shares of the company were exchanged, compared to its average volume of 782,103. The company has a market capitalization of $6.65 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.94 and a beta of 0.79. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.96 and a current ratio of 2.12. Douglas Emmett has a 1 year low of $32.32 and a 1 year high of $40.86.
Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Douglas Emmett had a net margin of 13.58% and a return on equity of 2.97%. The firm had revenue of $226.29 million during the quarter, compared to the consensus estimate of $223.46 million. During the same quarter last year, the company earned $0.49 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. As a group, analysts forecast that Douglas Emmett will post 2.11 EPS for the current fiscal year.
In other Douglas Emmett news, Director William E. Simon, Jr. purchased 8,700 shares of Douglas Emmett stock in a transaction dated Thursday, December 20th. The stock was purchased at an average price of $34.17 per share, with a total value of $297,279.00. Following the transaction, the director now directly owns 18,400 shares of the company’s stock, valued at $628,728. The purchase was disclosed in a document filed with the SEC, which is available through this link. 16.20% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new position in shares of Douglas Emmett during the 3rd quarter valued at approximately $141,000. PNC Financial Services Group Inc. lifted its position in Douglas Emmett by 10.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,595 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 542 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in Douglas Emmett in the fourth quarter worth $232,000. Quantamental Technologies LLC bought a new stake in Douglas Emmett in the fourth quarter worth $233,000. Finally, Signition LP bought a new stake in Douglas Emmett in the third quarter worth $266,000. 91.33% of the stock is owned by institutional investors.
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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