Douglas Emmett, Inc. (NYSE:DEI) Stock Rating Upgraded by Stifel Nicolaus

Douglas Emmett, Inc. (NYSE:DEI) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other brokerages also recently commented on DEI. Zacks Investment Research upgraded shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday, April 11th. BidaskClub upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Barclays PLC raised their price objective on shares of Douglas Emmett from $35.00 to $36.00 and gave the company an “underweight” rating in a research report on Wednesday, April 19th. BMO Capital Markets restated a “hold” rating and set a $39.00 price objective on shares of Douglas Emmett in a research report on Tuesday, July 4th. Finally, DA Davidson downgraded shares of Douglas Emmett from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $45.00 to $43.00 in a research report on Thursday, May 18th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $39.11.

Douglas Emmett (NYSE DEI) traded down 1.15% on Wednesday, reaching $37.88. 691,741 shares of the company were exchanged. The firm has a market capitalization of $5.86 billion, a P/E ratio of 65.88 and a beta of 0.69. Douglas Emmett has a 12-month low of $33.78 and a 12-month high of $40.79. The firm has a 50-day moving average of $38.21 and a 200 day moving average of $38.47.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Douglas Emmett had a return on equity of 3.06% and a net margin of 11.97%. The business had revenue of $199.60 million during the quarter, compared to the consensus estimate of $198.60 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts predict that Douglas Emmett will post $0.54 earnings per share 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, June 16th. The shares were sold at an average price of $38.97, for a total value of $3,897,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 300,000 shares of company stock valued at $11,487,000 over the last three months. Corporate insiders own 17.80% of the company’s stock.

Several institutional investors have recently modified their holdings of DEI. Cambridge Investment Research Advisors Inc. boosted its position in shares of Douglas Emmett by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,554 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 64 shares during the last quarter. Bollard Group LLC boosted its position in shares of Douglas Emmett by 0.6% in the second quarter. Bollard Group LLC now owns 15,880 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 92 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Douglas Emmett by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,892 shares of the real estate investment trust’s stock worth $1,333,000 after buying an additional 130 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Douglas Emmett by 1.0% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 25,064 shares of the real estate investment trust’s stock worth $962,000 after buying an additional 256 shares during the last quarter. Finally, World Asset Management Inc boosted its position in shares of Douglas Emmett by 3.0% in the first quarter. World Asset Management Inc now owns 8,953 shares of the real estate investment trust’s stock worth $344,000 after buying an additional 262 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Company Profile

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).