Douglas Emmett Inc. (NYSE:DEI) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $38.40 and last traded at $37.84, with a volume of 121,788 shares. The stock had previously closed at $37.74.

A number of equities research analysts have issued reports on DEI shares. Evercore ISI downgraded shares of Douglas Emmett from a “buy” rating to a “hold” rating and increased their target price for the stock from $33.00 to $34.00 in a research report on Thursday, May 5th. Barclays PLC restated an “underweight” rating and set a $33.00 price target (up previously from $31.00) on shares of Douglas Emmett in a research note on Tuesday, July 19th. Credit Suisse Group AG restated a “sell” rating and set a $29.00 price target on shares of Douglas Emmett in a research note on Thursday, May 5th. BMO Capital Markets lowered shares of Douglas Emmett from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $35.00 to $34.00 in a research note on Wednesday, June 1st. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their price target on shares of Douglas Emmett from $23.50 to $30.00 and gave the stock a “sell” rating in a research note on Friday, May 6th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.27.

The stock has a 50 day moving average of $36.41 and a 200-day moving average of $32.12. The company has a market cap of $5.60 billion and a P/E ratio of 104.30.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. The company earned $187.22 million during the quarter, compared to the consensus estimate of $177.61 million. During the same period in the previous year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities research analysts predict that Douglas Emmett Inc. will post $1.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, June 28th.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 140,000 shares of Douglas Emmett stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $32.10, for a total value of $4,494,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Several hedge funds have made changes to their positions in the company. Globeflex Capital L P raised 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 in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Douglas Emmett by 2.4% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 82,136 shares of the real estate investment trust’s stock worth $2,561,000 after buying an additional 1,922 shares in the last quarter. State of New Jersey Common Pension Fund D raised 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 in the last quarter. Employees Retirement System of Texas raised its stake in shares of Douglas Emmett by 24.4% in the fourth quarter. Employees Retirement System of Texas now owns 280,000 shares of the real estate investment trust’s stock worth $8,730,000 after buying an additional 55,000 shares in the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in shares of Douglas Emmett by 0.5% in the fourth quarter. Foresters Investment Management Company Inc. now owns 386,000 shares of the real estate investment trust’s stock worth $12,035,000 after buying an additional 2,000 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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