Shares of Douglas Emmett Inc. (NYSE:DEI) hit a new 52-week high on Tuesday . The stock traded as high as $37.10 and last traded at $36.85, with a volume of 176,568 shares. The stock had previously closed at $36.95.

Several brokerages have recently commented on DEI. Robert W. Baird began coverage on shares of Douglas Emmett in a research report on Thursday, June 30th. They issued an “outperform” rating and a $39.00 target price for the company. Credit Suisse Group AG reaffirmed a “sell” rating and set a $29.00 price target on shares of Douglas Emmett in a report on Thursday, May 5th. Barclays PLC reaffirmed an “underweight” rating and set a $33.00 price target (up from $31.00) on shares of Douglas Emmett in a report on Tuesday, July 19th. Stifel Nicolaus lifted their price target on shares of Douglas Emmett from $23.50 to $30.00 and gave the company a “sell” rating in a report on Friday, May 6th. Finally, BMO Capital Markets lowered shares of Douglas Emmett from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $35.00 to $34.00 in a report on Wednesday, June 1st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Douglas Emmett has an average rating of “Hold” and an average target price of $33.65.

The firm has a market cap of $5.45 billion and a PE ratio of 101.60. The firm has a 50 day moving average price of $35.08 and a 200-day moving average price of $31.34.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $168.60 million for the quarter, compared to the consensus estimate of $160.24 million. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts predict that Douglas Emmett Inc. will post $1.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Tuesday, June 28th.

In related news, Chairman Dan A. Emmett sold 140,000 shares of the firm’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $33.85, for a total transaction of $4,739,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

A number of large investors recently modified their holdings of DEI. Globeflex Capital L P increased its stake in shares of Douglas Emmett by 14.3% in the fourth quarter. Globeflex Capital L P now owns 36,843 shares of the real estate investment trust’s stock worth $1,149,000 after buying an additional 4,602 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Douglas Emmett by 19.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 213,000 shares of the real estate investment trust’s stock worth $6,641,000 after buying an additional 35,000 shares during the last quarter. Advantus Capital Management Inc increased its stake in shares of Douglas Emmett by 165.8% in the fourth quarter. Advantus Capital Management Inc now owns 442,779 shares of the real estate investment trust’s stock worth $13,806,000 after buying an additional 276,179 shares during 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 during 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 during 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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