Douglas Emmett (NYSE:DEI) had its price target boosted by Citigroup from $38.00 to $39.00 in a report released on Wednesday. Citigroup currently has a neutral rating on the real estate investment trust’s stock.

DEI has been the topic of several other reports. Mizuho raised Douglas Emmett from a neutral rating to a buy rating and increased their price objective for the company from $39.00 to $44.00 in a research report on Monday, June 18th. Zacks Investment Research raised Douglas Emmett from a hold rating to a buy rating and set a $43.00 target price on the stock in a report on Wednesday, June 6th. Barclays reissued a sell rating and issued a $37.00 target price on shares of Douglas Emmett in a report on Tuesday, April 17th. Finally, Stifel Nicolaus increased their target price on Douglas Emmett from $42.00 to $43.00 and gave the company a buy rating in a report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $41.33.

Shares of Douglas Emmett traded down $0.41, hitting $38.83, during trading on Wednesday, Marketbeat reports. 573,316 shares of the company’s stock traded hands, compared to its average volume of 756,296. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.30 and a quick ratio of 2.17. Douglas Emmett has a 1 year low of $34.72 and a 1 year high of $41.59. The stock has a market capitalization of $6.67 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.90 and a beta of 0.65.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.31). Douglas Emmett had a net margin of 13.94% and a return on equity of 2.96%. The business had revenue of $219.47 million for the quarter, compared to analysts’ expectations of $215.12 million. sell-side analysts expect that Douglas Emmett will post 2.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 13th. Shareholders of record on Friday, June 29th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date was Thursday, June 28th. Douglas Emmett’s dividend payout ratio is 52.63%.

In other news, Director William E. Simon, Jr. bought 7,700 shares of the stock in a transaction on Friday, June 1st. The shares were bought at an average price of $38.55 per share, with a total value of $296,835.00. Following the completion of the acquisition, the director now owns 9,700 shares in the company, valued at $373,935. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC raised its stake in shares of Douglas Emmett by 2.0% in the first quarter. Mason Street Advisors LLC now owns 80,057 shares of the real estate investment trust’s stock worth $2,943,000 after buying an additional 1,549 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Douglas Emmett by 7.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,912 shares of the real estate investment trust’s stock worth $916,000 after buying an additional 1,702 shares during the period. Amalgamated Bank raised its stake in shares of Douglas Emmett by 5.2% in the first quarter. Amalgamated Bank now owns 34,934 shares of the real estate investment trust’s stock worth $1,284,000 after buying an additional 1,711 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Douglas Emmett by 23.2% in the second quarter. Riverhead Capital Management LLC now owns 10,075 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 1,900 shares during the period. Finally, American International Group Inc. raised its stake in shares of Douglas Emmett by 0.7% in the second quarter. American International Group Inc. now owns 321,480 shares of the real estate investment trust’s stock worth $12,917,000 after buying an additional 2,375 shares during the period. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Company Profile

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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Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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