Douglas Emmett (DEI) Receives Daily Media Sentiment Score of 0.08
News headlines about Douglas Emmett (NYSE:DEI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Douglas Emmett earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.117307278599 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Douglas Emmett (DEI) traded down $0.17 during trading on Friday, reaching $40.51. The company had a trading volume of 479,901 shares, compared to its average volume of 558,699. Douglas Emmett has a twelve month low of $34.98 and a twelve month high of $41.12. The company has a market cap of $6,867.47, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 3.32 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 EPS for the quarter, meeting analysts’ consensus estimates 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 period in the previous year, the company posted $0.47 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. research analysts forecast that Douglas Emmett will post 1.9 EPS for the current year.
DEI has been the topic of several recent research reports. Stifel Nicolaus reissued a “buy” rating and set a $42.00 price objective on shares of Douglas Emmett in a report on Thursday, September 21st. Robert W. Baird raised their price objective on Douglas Emmett from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Mizuho reissued a “hold” rating and set a $41.00 price objective on shares of Douglas Emmett in a report on Friday, October 27th. Zacks Investment Research downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Finally, KeyCorp reissued a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $40.60.
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In related news, Chairman Dan A. Emmett sold 100,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $38.99, for a total value of $3,899,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 17.80% 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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