Jefferies Financial Group Begins Coverage on Douglas Emmett (NYSE:DEI)

Stock analysts at Jefferies Financial Group started coverage on shares of Douglas Emmett (NYSE:DEI) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating and a $16.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price objective points to a potential upside of 2.30% from the stock’s current price.

Other analysts also recently issued reports about the company. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a research note on Monday, January 13th. StockNews.com cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Finally, Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus price target of $18.50.

Douglas Emmett Trading Up 1.6 %

Shares of Douglas Emmett stock opened at $15.64 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The business has a fifty day simple moving average of $17.07 and a two-hundred day simple moving average of $17.76. Douglas Emmett has a 1 year low of $12.50 and a 1 year high of $20.50. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 120.32 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Research analysts forecast that Douglas Emmett will post 1.45 EPS for the current year.

Institutional Investors Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in Douglas Emmett by 4,395.5% during the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock valued at $27,729,000 after buying an additional 1,543,099 shares during the period. Metis Global Partners LLC grew its position in Douglas Emmett by 31.6% in the 3rd quarter. Metis Global Partners LLC now owns 17,240 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 4,142 shares during the period. Natixis Advisors LLC increased its position in Douglas Emmett by 8.5% during the third quarter. Natixis Advisors LLC now owns 56,088 shares of the real estate investment trust’s stock valued at $985,000 after acquiring an additional 4,410 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Douglas Emmett during the 3rd quarter valued at about $650,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 buying an additional 127,274 shares during the last quarter. 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.