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

DEI has been the subject of a number of recent research reports. Evercore ISI downgraded Douglas Emmett from a “buy” rating to a “hold” rating and raised their target price for the stock from $33.00 to $34.00 in a research report on Thursday, May 5th. Credit Suisse Group AG reiterated a “sell” rating and issued a $29.00 price target on shares of Douglas Emmett in a research report on Thursday, May 5th. Stifel Nicolaus lifted their price target on Douglas Emmett from $23.50 to $30.00 and gave the company a “sell” rating in a research report on Friday, May 6th. BMO Capital Markets cut Douglas Emmett from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $35.00 to $34.00 in a research report on Wednesday, June 1st. They noted that the move was a valuation call. Finally, Barclays PLC reiterated an “underweight” rating and issued a $31.00 price target on shares of Douglas Emmett in a research report on Tuesday, June 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Douglas Emmett presently has an average rating of “Hold” and a consensus target price of $33.65.

The stock has a market capitalization of $5.53 billion and a PE ratio of 103.03. The stock has a 50 day moving average of $35.28 and a 200 day moving average of $31.44.

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

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.38%.

In other news, Chairman Dan A. Emmett sold 140,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $36.72, for a total transaction of $5,140,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

A number of institutional investors recently made changes to their positions in DEI. First Trust Advisors LP boosted its position in shares of Douglas Emmett by 188.2% in the fourth quarter. First Trust Advisors LP now owns 145,774 shares of the real estate investment trust’s stock worth $4,545,000 after buying an additional 95,195 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Douglas Emmett by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 346,445 shares of the real estate investment trust’s stock worth $10,802,000 after buying an additional 3,500 shares in the last quarter. Vanguard Group Inc. boosted its position 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. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Douglas Emmett by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 89,587 shares of the real estate investment trust’s stock worth $2,794,000 after buying an additional 30,398 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Douglas Emmett by 0.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,428 shares of the real estate investment trust’s stock worth $1,261,000 after buying an additional 307 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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