Douglas Emmett, Inc. (DEI) Receives $40.75 Consensus Price Target from Analysts
Shares of Douglas Emmett, Inc. (NYSE:DEI) have earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $40.75.
Several equities research analysts have commented on the company. BMO Capital Markets set a $39.00 price target on Douglas Emmett and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Barclays upped their price target on Douglas Emmett from $36.00 to $37.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 30th. Stifel Nicolaus restated a “buy” rating and set a $43.00 price target (up from $42.00) on shares of Douglas Emmett in a research note on Thursday, November 9th. TheStreet upgraded Douglas Emmett from a “c+” rating to a “b-” rating in a research note on Wednesday, November 15th. Finally, Sandler O’Neill restated a “hold” rating and set a $42.00 price target on shares of Douglas Emmett in a research note on Tuesday, January 23rd.
Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of Douglas Emmett by 514.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 2,211 shares in the last quarter. Advisor Group Inc. grew 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 valued at $160,000 after buying an additional 3,328 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of Douglas Emmett in the fourth quarter valued at about $165,000. Timber Hill LLC acquired a new stake in shares of Douglas Emmett in the third quarter valued at about $206,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Douglas Emmett in the third quarter valued at about $206,000. Institutional investors and hedge funds own 96.13% of the company’s stock.
Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The business had revenue of $209.19 million during the quarter, compared to analyst estimates of $202.00 million. Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%. research analysts forecast that Douglas Emmett will post 1.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 annualized dividend and a yield of 2.77%. Douglas Emmett’s dividend payout ratio is presently 175.44%.
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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).
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