Shares of Douglas Emmett, Inc. (NYSE:DEI) have been given a consensus rating of “Hold” by the twelve research firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $40.63.
Separately, Zacks Investment Research downgraded Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th.
In other news, Chairman Dan A. Emmett sold 40,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $40.78, for a total transaction of $1,631,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Daiwa SB Investments Ltd. increased its holdings in shares of Douglas Emmett by 311.5% during the 1st quarter. Daiwa SB Investments Ltd. now owns 1,070 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 810 shares during the last quarter. NEXT Financial Group Inc boosted its position in Douglas Emmett by 76.3% during the 2nd quarter. NEXT Financial Group Inc now owns 1,733 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 750 shares during the period. FCA Corp TX purchased a new stake in Douglas Emmett during the 4th quarter worth $102,000. Exane Derivatives purchased a new stake in Douglas Emmett during the 2nd quarter worth $194,000. Finally, Machina Capital S.A.S. boosted its position in Douglas Emmett by 497.2% during the 2nd quarter. Machina Capital S.A.S. now owns 5,452 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 4,539 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.
DEI traded down $0.78 during trading on Friday, hitting $39.75. The company’s stock had a trading volume of 455,883 shares, compared to its average volume of 620,580. The business has a 50 day simple moving average of $40.72. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $6.90 billion, a PE ratio of 19.68, a PEG ratio of 3.13 and a beta of 0.69. Douglas Emmett has a twelve month low of $32.32 and a twelve month high of $42.41.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $224.19 million during the quarter, compared to the consensus estimate of $227.52 million. Douglas Emmett had a return on equity of 3.01% and a net margin of 13.45%. Douglas Emmett’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. As a group, research analysts expect that Douglas Emmett will post 2.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.62%. Douglas Emmett’s payout ratio is 51.49%.
About Douglas Emmett
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.
Recommended Story: Certificate of Deposit (CD) For Risk Adverse Investors?
Receive News & Ratings for Douglas Emmett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Emmett and related companies with MarketBeat.com's FREE daily email newsletter.