2 weeks Ago By ABMN Staff
Shares of Douglas Emmett, Inc. ( NYSE:DEI – Get Free Report ) hit a new 52-week high during trading on Friday . The stock traded as high as $17.
75 and last traded at $17.68, with a volume of 315706 shares traded. The stock had previously closed at $17.
33. Wall Street Analysts Forecast Growth A number of research analysts recently issued reports on DEI shares. Scotiabank boosted their target price on shares of Douglas Emmett from $14.
00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Piper Sandler increased their price objective on shares of Douglas Emmett from $15.
00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. JPMorgan Chase & Co.
raised their target price on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th.
Wells Fargo & Company increased their price target on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th.
Finally, Evercore ISI boosted their price objective on Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th.
Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Douglas Emmett presently has a consensus rating of “Hold” and a consensus price target of $15.
88. Read Our Latest Research Report on Douglas Emmett Douglas Emmett Price Performance Douglas Emmett ( NYSE:DEI – Get Free Report ) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.
06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.37).
The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.62 million.
Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%.
The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.
48 EPS. On average, analysts expect that Douglas Emmett, Inc. will post 1.
67 earnings per share for the current year. Douglas Emmett Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Monday, September 30th will be given a dividend of $0.
19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.
34%. The ex-dividend date is Monday, September 30th. Douglas Emmett’s payout ratio is currently -245.
16%. Institutional Investors Weigh In On Douglas Emmett A number of institutional investors have recently added to or reduced their stakes in DEI. Vanguard Group Inc.
lifted its position in shares of Douglas Emmett by 0.9% during the 4th quarter. Vanguard Group Inc.
now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after buying an additional 229,301 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Douglas Emmett by 1.7% during the fourth quarter.
Wellington Management Group LLP now owns 9,358,733 shares of the real estate investment trust’s stock worth $135,702,000 after acquiring an additional 156,761 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Douglas Emmett by 2.
1% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock worth $107,681,000 after purchasing an additional 165,425 shares during the last quarter.
Centersquare Investment Management LLC grew its stake in Douglas Emmett by 20.8% in the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock valued at $59,817,000 after purchasing an additional 751,419 shares during the period.
Finally, Goldman Sachs Group Inc. increased its position in shares of Douglas Emmett by 20.9% during the 4th quarter.
Goldman Sachs Group Inc. now owns 3,037,437 shares of the real estate investment trust’s stock valued at $44,043,000 after purchasing an additional 525,831 shares during the last quarter. 97.
37% of the stock is owned by institutional investors. About Douglas Emmett ( Get Free Report ) 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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