Douglas Emmett (NYSE:DEI) Hits New 12-Month High at $42.56
Douglas Emmett, Inc. (NYSE:DEI) shares reached a new 52-week high on Wednesday . The company traded as high as $42.56 and last traded at $42.51, with a volume of 23265 shares traded. The stock had previously closed at $42.25.
Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Robert W. Baird set a $51.00 price target on shares of Douglas Emmett and gave the stock a “buy” rating in a report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $42.63.
The company has a market cap of $7.40 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 3.42 and a beta of 0.70. The firm has a 50 day moving average price of $41.41 and a two-hundred day moving average price of $40.82. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.07.
Institutional investors have recently added to or reduced their stakes in the business. Natixis bought a new stake in shares of Douglas Emmett in the 2nd quarter valued at $209,000. Royal Bank of Canada lifted its holdings in Douglas Emmett by 128.2% in the second quarter. Royal Bank of Canada now owns 34,644 shares of the real estate investment trust’s stock valued at $1,381,000 after buying an additional 19,465 shares during the period. Verition Fund Management LLC bought a new stake in Douglas Emmett during the second quarter valued at $272,000. California Public Employees Retirement System boosted its position in Douglas Emmett by 2.4% during the second quarter. California Public Employees Retirement System now owns 225,075 shares of the real estate investment trust’s stock valued at $8,967,000 after acquiring an additional 5,246 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Douglas Emmett during the 2nd quarter worth about $1,821,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.
Douglas Emmett Company Profile (NYSE:DEI)
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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