Douglas Emmett (DEI) Stock Rating Lowered by Zacks Investment Research

Douglas Emmett (NYSE:DEI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “DOUGLAS EMMETT INC is a fully integrated, self-administered and self-managed real estate investment trust and one of the largest owners and operators of high-quality office and multifamily properties located in premier submarkets in California and Hawaii. The Company’s properties are concentrated in ten submarkets Brentwood, Olympic Corridor, Century City, Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, Burbank and Honolulu. The Company 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. “

Other research analysts have also recently issued reports about the stock. TheStreet raised shares of Douglas Emmett from a “c+” rating to a “b-” rating in a research report on Wednesday, November 15th. Robert W. Baird reiterated a “buy” rating and issued a $45.00 price target on shares of Douglas Emmett in a research note on Tuesday, January 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $42.00 price target on shares of Douglas Emmett in a research note on Thursday, September 21st. Mizuho restated a “hold” rating and set a $41.00 target price on shares of Douglas Emmett in a research report on Friday, October 27th. Finally, KeyCorp reiterated a “hold” rating on shares of Douglas Emmett in a research report on Sunday, September 24th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Douglas Emmett currently has a consensus rating of “Hold” and an average target price of $41.13.

Shares of Douglas Emmett (DEI) traded up $0.30 during midday trading on Tuesday, reaching $38.86. 816,900 shares of the company were exchanged, compared to its average volume of 904,682. Douglas Emmett has a one year low of $36.60 and a one year high of $41.59. The stock has a market cap of $6,540.00, a PE ratio of 74.73, a P/E/G ratio of 3.01 and a beta of 0.71.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Douglas Emmett had a net margin of 11.29% and a return on equity of 2.58%. The company had revenue of $208.75 million during the quarter, compared to analysts’ expectations of $203.99 million. During the same period last year, the company posted $0.47 EPS. Douglas Emmett’s revenue was up 8.7% on a year-over-year basis. analysts expect that Douglas Emmett will post 1.9 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of DEI. PNC Financial Services Group Inc. grew its holdings in shares of Douglas Emmett by 14.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,120 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 520 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Douglas Emmett by 451.6% in the third quarter. Advisor Group Inc. now owns 4,065 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 3,328 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in shares of Douglas Emmett in the second quarter worth about $206,000. Timber Hill LLC bought a new position in Douglas Emmett during the 3rd quarter worth about $206,000. Finally, CIBC Asset Management Inc bought a new position in Douglas Emmett during the 3rd quarter worth about $206,000. Hedge funds and other institutional investors own 96.50% of the company’s stock.

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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).

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

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