Douglas Emmett Inc. (NYSE:DEI) hit a new 52-week high on Thursday . The company traded as high as $36.55 and last traded at $36.41, with a volume of 173,641 shares changing hands. The stock had previously closed at $36.47.

A number of brokerages have recently weighed in on DEI. Evercore ISI downgraded Douglas Emmett from a “buy” rating to a “hold” rating and boosted their price target for the company from $33.00 to $34.00 in a report on Thursday, May 5th. Credit Suisse Group AG restated a “sell” rating and set a $29.00 price objective on shares of Douglas Emmett in a research note on Thursday, May 5th. Stifel Nicolaus upped their price objective on Douglas Emmett from $23.50 to $30.00 and gave the stock a “sell” rating in a research note on Friday, May 6th. Robert W. Baird initiated coverage on Douglas Emmett in a research note on Thursday, June 30th. They set an “outperform” rating and a $39.00 price objective for the company. Finally, Barclays PLC restated an “underweight” rating and set a $31.00 price objective on shares of Douglas Emmett in a research note on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.50.

The firm’s 50 day moving average is $34.63 and its 200 day moving average is $31.08. The stock has a market capitalization of $5.35 billion and a price-to-earnings ratio of 99.64.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm earned $168.60 million during the quarter, compared to the consensus estimate of $160.24 million. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Douglas Emmett Inc. will post $1.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a $0.22 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.43%.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 140,000 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $32.10, for a total value of $4,494,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Several hedge funds have recently made changes to their positions in DEI. Vanguard Group Inc. increased its stake in shares of Douglas Emmett by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 20,065,272 shares of the real estate investment trust’s stock worth $625,634,000 after buying an additional 496,622 shares in the last quarter. Boston Partners increased its stake in shares of Douglas Emmett by 8.6% in the fourth quarter. Boston Partners now owns 2,870,489 shares of the real estate investment trust’s stock worth $89,502,000 after buying an additional 228,109 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Douglas Emmett by 15.0% in the fourth quarter. Schroder Investment Management Group now owns 2,413,746 shares of the real estate investment trust’s stock worth $75,261,000 after buying an additional 315,073 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Douglas Emmett by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,809,443 shares of the real estate investment trust’s stock worth $56,420,000 after buying an additional 34,558 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Douglas Emmett by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 447,797 shares of the real estate investment trust’s stock worth $13,963,000 after buying an additional 13,655 shares in the last quarter.

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust. The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate.

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