Douglas Emmett (NYSE:DEI) Stock Rating Upgraded by Scotiabank

Scotiabank upgraded shares of Douglas Emmett (NYSE:DEI) from a sector perform rating to a sector outperform rating in a report released on Thursday, Marketbeat reports. The firm currently has $21.00 target price on the real estate investment trust’s stock, up from their previous target price of $16.00.

A number of other research analysts have also recently weighed in on DEI. Wells Fargo & Company raised their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Evercore ISI lifted their price objective on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Citigroup lifted their price objective on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price objective on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Piper Sandler lifted their price objective on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.43.

Douglas Emmett Trading Down 0.5 %

NYSE:DEI opened at $18.39 on Thursday. The stock has a fifty day moving average price of $17.79 and a two-hundred day moving average price of $15.57. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of -183.90 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 5.11 and a current ratio of 4.09. Douglas Emmett has a 1 year low of $11.08 and a 1 year high of $19.59.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The firm had revenue of $250.75 million during the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter in the prior year, the business earned $0.45 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were issued a $0.19 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.13%. Douglas Emmett’s dividend payout ratio (DPR) is -760.00%.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in Douglas Emmett during the 2nd quarter valued at approximately $32,000. Venturi Wealth Management LLC acquired a new position in Douglas Emmett during the 3rd quarter worth $48,000. Blue Trust Inc. boosted its position in Douglas Emmett by 1,081.5% during the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 3,396 shares during the period. GAMMA Investing LLC boosted its position in Douglas Emmett by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,175 shares during the period. Finally, Raleigh Capital Management Inc. boosted its position in Douglas Emmett by 62.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 1,476 shares during the period. 97.37% of the stock is currently owned by institutional investors.

About Douglas Emmett

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.