The Douglas Emmett Inc. (DEI) Decreased to “Hold” at The Zacks Investment Research

The Douglas Emmett Inc. (DEI) Decreased to “Hold” at The Zacks Investment Research

Zacks Investment Research lowered shares of Douglas Emmett Inc. (NYSE:DEI) from a buy rating to a hold rating in a research note released on Tuesday.

According to Zacks, “DOUGLAS EMMETT INC is a fully integrated, self-administered and self-managed real estate investment trust and one of the largest owners and operators of high-quality office and multifamily properties located in premier submarkets in California and Hawaii. The Company’s properties are concentrated in ten submarkets Brentwood, Olympic Corridor, Century City, Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, Burbank and Honolulu. The Company 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. “

Several other equities analysts have also recently commented on DEI. Mizuho cut shares of Douglas Emmett from a buy rating to a neutral rating and set a $37.00 price target on the stock. in a research report on Thursday, August 4th. DA Davidson increased their price target on shares of Douglas Emmett from $43.00 to $45.00 and gave the stock a buy rating in a research report on Thursday, August 4th. BTIG Research initiated coverage on shares of Douglas Emmett in a research report on Thursday, August 25th. They set a neutral rating on the stock. Barclays PLC increased their price target on shares of Douglas Emmett from $33.00 to $35.00 and gave the stock an underweight rating in a research report on Monday, August 29th. Finally, JPMorgan Chase & Co. reaffirmed a buy rating and set a $38.00 price target on shares of Douglas Emmett in a research report on Friday, November 11th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Douglas Emmett currently has an average rating of Hold and an average price target of $35.79.

Douglas Emmett (NYSE:DEI) opened at 36.22 on Tuesday. The firm has a market cap of $5.49 billion, a PE ratio of 69.52 and a beta of 0.86. Douglas Emmett has a 12 month low of $24.73 and a 12 month high of $38.71. The company has a 50-day moving average price of $35.74 and a 200 day moving average price of $35.76.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, November 1st. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. Douglas Emmett had a net margin of 11.27% and a return on equity of 3.04%. The business had revenue of $192.12 million for the quarter, compared to analysts’ expectations of $104.86 million. During the same quarter last year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. Equities research analysts anticipate that Douglas Emmett will post $1.80 EPS for the current year.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 140,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $35.59, for a total value of $4,982,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 23.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of DEI. New York State Teachers Retirement System raised its stake in shares of Douglas Emmett by 82.8% in the second quarter. New York State Teachers Retirement System now owns 35,100 shares of the real estate investment trust’s stock valued at $1,247,000 after buying an additional 15,900 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in shares of Douglas Emmett during the second quarter valued at approximately $250,000. LS Investment Advisors LLC raised its stake in shares of Douglas Emmett by 73.8% in the second quarter. LS Investment Advisors LLC now owns 8,461 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 3,593 shares during the last quarter. Bollard Group LLC raised its stake in shares of Douglas Emmett by 0.6% in the second quarter. Bollard Group LLC now owns 25,859 shares of the real estate investment trust’s stock valued at $919,000 after buying an additional 163 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Douglas Emmett during the second quarter valued at approximately $277,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust. The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate.

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