Douglas Emmett (NYSE:DEI) Rating Increased to Overweight at Piper Sandler

Douglas Emmett (NYSE:DEI) was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a research report issued on Monday, Marketbeat.com reports. The brokerage presently has a $20.00 price target on the real estate investment trust’s stock. Piper Sandler’s target price would suggest a potential upside of 23.53% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Evercore ISI upped their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their target price for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. Jefferies Financial Group raised their target price on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Finally, Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.75.

Douglas Emmett Stock Down 4.2 %

DEI opened at $16.19 on Monday. The company has a market capitalization of $2.71 billion, a PE ratio of -161.90 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. Douglas Emmett has a fifty-two week low of $12.35 and a fifty-two week high of $20.50. The business has a 50-day moving average of $18.80 and a 200-day moving average of $17.04.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.38). The company had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. Equities research analysts forecast that Douglas Emmett will post 1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DEI. Geode Capital Management LLC boosted its stake in Douglas Emmett by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after buying an additional 26,961 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Douglas Emmett by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock valued at $1,219,000 after acquiring an additional 3,183 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Douglas Emmett in the 3rd quarter worth approximately $650,000. Charles Schwab Investment Management Inc. boosted its stake in Douglas Emmett by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after purchasing an additional 127,274 shares in the last quarter. Finally, Citigroup Inc. increased its stake in shares of Douglas Emmett by 43.0% in the third quarter. Citigroup Inc. now owns 227,814 shares of the real estate investment trust’s stock valued at $4,003,000 after buying an additional 68,507 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

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.