Douglas Emmett (NYSE:DEI) PT Set at $33.00 by Evercore ISI

Evercore ISI set a $33.00 price objective on Douglas Emmett (NYSE:DEIGet Rating) in a research report sent to investors on Monday morning, Stock Target Advisor reports.

DEI has been the topic of several other research reports. initiated coverage on shares of Douglas Emmett in a research note on Thursday, March 31st. They issued a hold rating on the stock. JPMorgan Chase & Co. cut their price objective on shares of Douglas Emmett from $38.00 to $32.00 in a report on Tuesday, June 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $35.50.

DEI opened at $22.36 on Monday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.99 and a current ratio of 2.99. The stock has a market capitalization of $3.93 billion, a P/E ratio of 51.05, a P/E/G ratio of 2.07 and a beta of 0.85. The company’s 50-day simple moving average is $27.75 and its two-hundred day simple moving average is $31.09. Douglas Emmett has a 52-week low of $21.86 and a 52-week high of $36.97.

Douglas Emmett (NYSE:DEIGet Rating) last posted its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.36). The company had revenue of $238.88 million for the quarter, compared to the consensus estimate of $240.76 million. Douglas Emmett had a net margin of 9.09% and a return on equity of 1.97%. Douglas Emmett’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS. Research analysts forecast that Douglas Emmett will post 2.04 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $0.28 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $1.12 dividend on an annualized basis and a yield of 5.01%. Douglas Emmett’s dividend payout ratio is presently 254.55%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp lifted its position in Douglas Emmett by 82.4% in the fourth quarter. Fifth Third Bancorp now owns 748 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 338 shares during the last quarter. MCF Advisors LLC bought a new stake in Douglas Emmett in the first quarter worth $30,000. Allworth Financial LP lifted its position in Douglas Emmett by 132.3% in the fourth quarter. Allworth Financial LP now owns 950 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 541 shares during the last quarter. Quantbot Technologies LP bought a new stake in Douglas Emmett in the first quarter worth $40,000. Finally, Lazard Asset Management LLC bought a new stake in Douglas Emmett in the fourth quarter worth $72,000. Institutional investors own 97.71% of the company’s stock.

About Douglas Emmett (Get Rating)

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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