Douglas Emmett (NYSE:DEI - Get Free Report) was upgraded by investment analysts at Scotiabank from a "sector perform" rating to a "sector outperform" rating in a research note issued on Thursday,Briefing.com Automated Import reports. The firm currently has a $21.00 price objective on the real estate investment trust's stock, up from their previous price objective of $16.00. Scotiabank's price target would suggest a potential upside of 16.15% from the company's current price.
Other equities research analysts also recently issued research reports about the stock. Citigroup raised their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. Wells Fargo & Company boosted their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. Piper Sandler increased their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Evercore ISI boosted their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised 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. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $17.43.
Read Our Latest Report on Douglas Emmett
Shares of DEI opened at $18.08 on Thursday. The company has a market capitalization of $3.03 billion, a PE ratio of -180.80 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 5.11. Douglas Emmett has a one year low of $11.08 and a one year high of $19.59. The company's fifty day moving average price is $17.64 and its 200 day moving average price is $15.49.
Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company's revenue for the quarter was down 1.8% on a year-over-year basis. As a group, analysts expect that Douglas Emmett will post 1.7 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC acquired a new stake in Douglas Emmett in the 2nd quarter valued at $32,000. Venturi Wealth Management LLC bought a new position in shares of Douglas Emmett during the third quarter valued at $48,000. Quarry LP lifted its holdings in shares of Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 2,505 shares during the period. Blue Trust Inc. boosted its stake in shares of Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust's stock valued at $65,000 after purchasing an additional 3,396 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Douglas Emmett by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 1,175 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.
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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