StockNews.com Downgrades Douglas Emmett (NYSE:DEI) to Sell

StockNews.com lowered shares of Douglas Emmett (NYSE:DEI) from a hold rating to a sell rating in a report issued on Thursday.

A number of other research firms have also recently commented on DEI. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, January 13th. Evercore ISI raised their price objective on 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 raised their price objective for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Finally, Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Douglas Emmett currently has a consensus rating of “Hold” and an average price target of $18.75.

Douglas Emmett Stock Up 0.3 %

Shares of DEI stock opened at $17.79 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The business has a 50 day moving average of $18.37 and a two-hundred day moving average of $17.48. Douglas Emmett has a 52 week low of $12.35 and a 52 week high of $20.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. As a group, equities analysts predict that Douglas Emmett will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.27%. Douglas Emmett’s dividend payout ratio is -760.00%.

Institutional Trading of Douglas Emmett

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after purchasing an additional 26,961 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Douglas Emmett by 3.6% during 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 bought a new stake in Douglas Emmett during the third quarter valued at $650,000. Charles Schwab Investment Management Inc. boosted its position in Douglas Emmett by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock valued at $66,728,000 after acquiring an additional 127,274 shares during the last quarter. Finally, Citigroup Inc. boosted its position in Douglas Emmett by 43.0% during the third quarter. Citigroup Inc. now owns 227,814 shares of the real estate investment trust’s stock valued at $4,003,000 after acquiring an additional 68,507 shares during the last quarter. Institutional investors 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.