Douglas Emmett, Inc. (DEI) Raised to “B-” at TheStreet
Several other equities research analysts also recently weighed in on DEI. 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. Stifel Nicolaus reissued a buy rating and set a $43.00 price objective (up previously from $42.00) on shares of Douglas Emmett in a report on Thursday, November 9th. BidaskClub downgraded Douglas Emmett from a sell rating to a strong sell rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded Douglas Emmett from a buy rating to a hold rating in a report on Friday, August 4th. 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 company. The stock has a consensus rating of Hold and an average target price of $40.60.
Shares of Douglas Emmett (NYSE:DEI) opened at $40.51 on Wednesday. Douglas Emmett has a twelve month low of $34.98 and a twelve month high of $41.12. The firm has a market capitalization of $6,891.20, a price-to-earnings ratio of 21.51, a P/E/G ratio of 3.33 and a beta of 0.72.
Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Douglas Emmett had a return on equity of 2.58% and a net margin of 11.29%. The company had revenue of $208.75 million for the quarter, compared to the consensus estimate of $203.99 million. During the same quarter last year, the business posted $0.47 EPS. Douglas Emmett’s revenue for the quarter was up 8.7% on a year-over-year basis. equities research analysts anticipate that Douglas Emmett will post 1.9 earnings per share for the current year.
In related news, Chairman Dan A. Emmett sold 100,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $38.99, for a total transaction of $3,899,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.80% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in Douglas Emmett by 9.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 299 shares during the last quarter. Advisor Group Inc. raised its position in shares of Douglas Emmett by 451.6% in the 3rd quarter. Advisor Group Inc. now owns 4,065 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 3,328 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in shares of Douglas Emmett in the 2nd quarter worth about $206,000. CIBC Asset Management Inc bought a new position in shares of Douglas Emmett in the 3rd quarter worth about $206,000. Finally, Timber Hill LLC bought a new position in shares of Douglas Emmett in the 3rd quarter worth about $206,000. 95.88% of the stock is owned by institutional investors and hedge funds.
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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