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.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. Douglas Emmett had a return on equity of 3.05% and a net margin of 13.54%. The company had revenue of $230.50 million for the quarter, compared to analyst estimates of $226.45 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Douglas Emmett, Inc. will post 2.11 earnings per share for the current year.

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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