TheStreet lowered shares of Douglas Emmett (NYSE:DEI) from a b- rating to a c+ rating in a research note released on Monday.

Several other research analysts also recently commented on DEI. Citigroup lifted their target price on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock a neutral rating in a report on Wednesday, August 8th. Bank of America lifted their target price on shares of Douglas Emmett from $42.00 to $44.00 and gave the stock a buy rating in a report on Monday, August 13th. Barclays lifted their target price on shares of Douglas Emmett from $38.00 to $39.00 and gave the stock an underweight rating in a report on Thursday, August 30th. Zacks Investment Research upgraded shares of Douglas Emmett from a hold rating to a buy rating and set a $42.00 target price on the stock in a report on Wednesday, October 3rd. Finally, Scotiabank started coverage on shares of Douglas Emmett in a report on Tuesday, October 16th. They issued an outperform rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Douglas Emmett has a consensus rating of Hold and a consensus target price of $41.45.

Douglas Emmett stock opened at $37.21 on Monday. The firm has a market cap of $6.17 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.05. Douglas Emmett has a 1-year low of $34.72 and a 1-year high of $41.59.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). The business had revenue of $223.30 million for the quarter, compared to the consensus estimate of $222.50 million. Douglas Emmett had a net margin of 14.32% and a return on equity of 3.06%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. On average, research analysts expect that Douglas Emmett will post 2.02 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in Douglas Emmett in the 3rd quarter worth $14,165,000. Vanguard Group Inc. grew its position in Douglas Emmett by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 23,659,581 shares of the real estate investment trust’s stock worth $892,439,000 after purchasing an additional 368,007 shares during the last quarter. Legal & General Group Plc grew its position in Douglas Emmett by 0.4% in the 3rd quarter. Legal & General Group Plc now owns 1,056,663 shares of the real estate investment trust’s stock worth $39,857,000 after purchasing an additional 3,940 shares during the last quarter. Rehmann Capital Advisory Group grew its position in Douglas Emmett by 3,672.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 12,108 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 11,787 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new stake in Douglas Emmett in the 3rd quarter worth $4,604,000. Institutional investors own 92.38% of the company’s stock.

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.

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Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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