Douglas Emmett, Inc. (NYSE:DEI)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.45 and last traded at $42.28, with a volume of 20770 shares changing hands. The stock had previously closed at $41.93.
Separately, Zacks Investment Research raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Douglas Emmett has an average rating of “Hold” and an average price target of $41.43.
The stock has a market cap of $7.23 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 3.38 and a beta of 0.70. The company has a current ratio of 3.74, a quick ratio of 2.00 and a debt-to-equity ratio of 1.07. The company’s fifty day simple moving average is $40.58 and its 200-day simple moving average is $40.39.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Douglas Emmett had a net margin of 13.54% and a return on equity of 3.05%. The firm had revenue of $230.50 million for the quarter, compared to analyst estimates of $226.45 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts expect that Douglas Emmett, Inc. will post 2.11 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Douglas Emmett by 1.9% in the 1st quarter. BlackRock Inc. now owns 20,176,003 shares of the real estate investment trust’s stock worth $815,515,000 after purchasing an additional 378,247 shares during the last quarter. Zimmer Partners LP grew its holdings in shares of Douglas Emmett by 459.7% in the 2nd quarter. Zimmer Partners LP now owns 6,507,082 shares of the real estate investment trust’s stock worth $259,242,000 after purchasing an additional 5,344,582 shares during the last quarter. Boston Partners grew its holdings in shares of Douglas Emmett by 2.9% in the 1st quarter. Boston Partners now owns 5,003,612 shares of the real estate investment trust’s stock worth $202,246,000 after purchasing an additional 140,119 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Douglas Emmett by 17.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,798,800 shares of the real estate investment trust’s stock worth $191,184,000 after purchasing an additional 706,200 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Douglas Emmett by 45.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,915,912 shares of the real estate investment trust’s stock worth $116,170,000 after purchasing an additional 904,350 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors and hedge funds.
Douglas Emmett Company Profile (NYSE:DEI)
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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