Douglas Emmett (NYSE:DEI) has been assigned a $39.00 target price by research analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday. The firm presently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target would indicate a potential upside of 7.32% from the company’s current price.

A number of other research firms have also commented on DEI. Zacks Investment Research raised Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Robert W. Baird increased their price objective on Douglas Emmett from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Mizuho reaffirmed a “hold” rating and set a $41.00 price objective on shares of Douglas Emmett in a research note on Friday, October 27th. Sandler O’Neill reaffirmed a “hold” rating and set a $42.00 price objective on shares of Douglas Emmett in a research note on Tuesday, January 23rd. Finally, TheStreet raised Douglas Emmett from a “c+” rating to a “b-” rating in a research note on Wednesday, November 15th. Four equities research 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 company has a consensus rating of “Hold” and an average price target of $41.44.

Shares of Douglas Emmett (DEI) opened at $36.34 on Tuesday. The firm has a market capitalization of $6,101.22, a price-to-earnings ratio of 68.57, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. Douglas Emmett has a twelve month low of $34.72 and a twelve month high of $41.59.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DEI. BlackRock Inc. lifted its position in Douglas Emmett by 6.9% during the fourth quarter. BlackRock Inc. now owns 18,558,202 shares of the real estate investment trust’s stock worth $761,999,000 after buying an additional 1,193,815 shares during the period. Cohen & Steers Inc. lifted its position in Douglas Emmett by 7.0% during the third quarter. Cohen & Steers Inc. now owns 15,328,882 shares of the real estate investment trust’s stock worth $604,265,000 after buying an additional 1,000,650 shares during the period. Renaissance Technologies LLC lifted its position in Douglas Emmett by 36.5% during the fourth quarter. Renaissance Technologies LLC now owns 1,773,400 shares of the real estate investment trust’s stock worth $72,816,000 after buying an additional 474,400 shares during the period. Koch Industries Inc. purchased a new position in Douglas Emmett during the second quarter worth about $349,000. Finally, Russell Investments Group Ltd. lifted its position in Douglas Emmett by 43.8% during the third quarter. Russell Investments Group Ltd. now owns 1,058,395 shares of the real estate investment trust’s stock worth $41,728,000 after buying an additional 322,133 shares during the period. Hedge funds and other institutional investors own 96.41% of the company’s stock.

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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).

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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