Zacks Investment Research upgraded shares of Douglas Emmett (NYSE:DEI) from a sell rating to a hold rating in a research note published on Tuesday.

According to Zacks, “Douglas Emmett, Inc. 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. “

How to Become a New Pot Stock Millionaire

A number of other analysts have also recently commented on the stock. Barclays boosted their target price on shares of Douglas Emmett from $37.00 to $38.00 and gave the stock an underweight rating in a research note on Friday, March 16th. BMO Capital Markets set a $38.00 target price on shares of Douglas Emmett and gave the stock a hold rating in a research note on Tuesday, February 27th. Stifel Nicolaus cut their target price on shares of Douglas Emmett from $43.00 to $40.00 and set a buy rating for the company in a research note on Thursday, February 15th. Sandler O’Neill reissued a hold rating and set a $42.00 target price on shares of Douglas Emmett in a research note on Tuesday, January 23rd. Finally, Robert W. Baird reissued a buy rating and set a $45.00 target price on shares of Douglas Emmett in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Douglas Emmett currently has a consensus rating of Hold and a consensus price target of $41.11.

Douglas Emmett (NYSE DEI) opened at $36.36 on Tuesday. Douglas Emmett has a fifty-two week low of $34.72 and a fifty-two week high of $41.59. The firm has a market cap of $6,228.16, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 2.77 and a beta of 0.70.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%. The firm had revenue of $209.19 million during the quarter, compared to analysts’ expectations of $202.00 million. analysts predict that Douglas Emmett will post 1.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.75%. Douglas Emmett’s dividend payout ratio is currently 175.44%.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Douglas Emmett by 6.9% during the 4th quarter. BlackRock Inc. now owns 18,558,202 shares of the real estate investment trust’s stock valued at $761,999,000 after acquiring an additional 1,193,815 shares in the last quarter. Cohen & Steers Inc. grew its stake in Douglas Emmett by 7.0% during the 3rd quarter. Cohen & Steers Inc. now owns 15,328,882 shares of the real estate investment trust’s stock valued at $604,265,000 after acquiring an additional 1,000,650 shares in the last quarter. Deutsche Bank AG grew its stake in Douglas Emmett by 46.0% during the 4th quarter. Deutsche Bank AG now owns 4,969,626 shares of the real estate investment trust’s stock valued at $204,049,000 after acquiring an additional 1,566,613 shares in the last quarter. Boston Partners grew its stake in Douglas Emmett by 3.9% during the 4th quarter. Boston Partners now owns 4,241,523 shares of the real estate investment trust’s stock valued at $174,157,000 after acquiring an additional 159,421 shares in the last quarter. Finally, Resolution Capital Ltd grew its stake in Douglas Emmett by 6.0% during the 4th quarter. Resolution Capital Ltd now owns 2,138,943 shares of the real estate investment trust’s stock valued at $87,825,000 after acquiring an additional 120,676 shares in the last quarter. 98.29% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Upgrades Douglas Emmett (DEI) to Hold” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/zacks-investment-research-upgrades-douglas-emmett-dei-to-hold/1961068.html.

Douglas Emmett Company Profile

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).

Get a free copy of the Zacks research report on Douglas Emmett (DEI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.