Barclays PLC Trims Douglas Emmett, Inc. (NYSE:DEI) Target Price to $35.00

Douglas Emmett, Inc. (NYSE:DEI) had its price target cut by analysts at Barclays PLC from $36.00 to $35.00 in a report issued on Tuesday. The firm currently has an “underweight” rating on the real estate investment trust’s stock. Barclays PLC’s price objective would suggest a potential downside of 7.99% from the company’s current price.

Several other brokerages have also recently weighed in on DEI. DA Davidson cut shares of Douglas Emmett from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $45.00 to $43.00 in a research note on Thursday, May 18th. Zacks Investment Research upgraded shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Tuesday, April 11th. J P Morgan Chase & Co lifted their target price on shares of Douglas Emmett from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, April 3rd. BMO Capital Markets restated a “hold” rating and set a $39.00 target price on shares of Douglas Emmett in a research note on Tuesday, July 4th. Finally, BidaskClub upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $39.22.

Douglas Emmett (NYSE:DEI) traded down 0.68% during trading on Tuesday, reaching $37.78. The company had a trading volume of 259,038 shares. The firm has a market capitalization of $5.84 billion, a PE ratio of 65.70 and a beta of 0.69. The firm’s 50 day moving average price is $38.47 and its 200 day moving average price is $38.27. Douglas Emmett has a 12-month low of $33.78 and a 12-month high of $40.79.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $170.35 million for the quarter, compared to analysts’ expectations of $191.93 million. Douglas Emmett had a net margin of 11.97% and a return on equity of 3.06%. Equities research analysts forecast that Douglas Emmett will post $0.54 EPS for the current year.

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In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction on Friday, May 19th. The shares were sold at an average price of $37.93, for a total value of $3,793,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 300,000 shares of company stock worth $11,609,000. 23.00% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new stake in Douglas Emmett during the fourth quarter worth $149,000. A.R.T. Advisors LLC acquired a new stake in Douglas Emmett during the fourth quarter worth $204,000. Putnam Investments LLC acquired a new stake in Douglas Emmett during the fourth quarter worth $1,018,000. Norges Bank acquired a new stake in Douglas Emmett during the fourth quarter worth $34,773,000. Finally, Teachers Advisors LLC increased its stake in Douglas Emmett by 30.1% in the fourth quarter. Teachers Advisors LLC now owns 193,619 shares of the real estate investment trust’s stock worth $7,079,000 after buying an additional 44,783 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

About Douglas Emmett

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).