BMO Capital Markets reissued their hold rating on shares of Douglas Emmett (NYSE:DEI) in a report released on Wednesday morning, AnalystRatings.com reports. They currently have a $45.00 price objective on the real estate investment trust’s stock.
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A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Douglas Emmett from a buy rating to a hold rating in a research report on Monday, November 4th. Barclays reissued a hold rating and set a $47.00 price target on shares of Douglas Emmett in a research report on Sunday, October 13th. Robert W. Baird set a $51.00 price target on Douglas Emmett and gave the company a buy rating in a research report on Wednesday, August 21st. Finally, ValuEngine raised Douglas Emmett from a sell rating to a hold rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Douglas Emmett presently has an average rating of Hold and an average target price of $44.33.
Shares of NYSE:DEI traded up $0.04 during midday trading on Wednesday, reaching $43.24. The company’s stock had a trading volume of 484,995 shares, compared to its average volume of 797,068. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 3.38 and a beta of 0.65. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.07. Douglas Emmett has a 1 year low of $32.32 and a 1 year high of $43.76. The business has a 50 day moving average price of $42.70 and a 200 day moving average price of $41.48.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.38). The business had revenue of $238.07 million during the quarter, compared to analysts’ expectations of $237.69 million. Douglas Emmett had a net margin of 12.05% and a return on equity of 2.84%. Douglas Emmett’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Sell-side analysts anticipate that Douglas Emmett will post 2.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Friday, September 27th. Douglas Emmett’s dividend payout ratio (DPR) is presently 51.49%.
Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in Douglas Emmett by 193.1% during the third quarter. Parallel Advisors LLC now owns 1,196 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 788 shares during the period. NEXT Financial Group Inc boosted its position in shares of Douglas Emmett by 76.3% in the second quarter. NEXT Financial Group Inc now owns 1,733 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 750 shares during the period. Altshuler Shaham Ltd boosted its position in shares of Douglas Emmett by 102.2% in the second quarter. Altshuler Shaham Ltd now owns 2,218 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 1,121 shares during the period. Yorktown Management & Research Co Inc purchased a new stake in shares of Douglas Emmett in the third quarter worth about $201,000. Finally, Exane Derivatives purchased a new stake in shares of Douglas Emmett in the second quarter worth about $194,000. 92.54% of the stock is owned by hedge funds and other institutional investors.
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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