Shares of 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 traded. The stock had previously closed at $37.74.

DEI has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. DA Davidson lifted their target price on shares of Douglas Emmett from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Mizuho cut shares of Douglas Emmett from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Thursday, August 4th. Barclays PLC reiterated an “underweight” rating and issued a $33.00 target price (up previously from $31.00) on shares of Douglas Emmett in a research report on Tuesday, July 19th. Finally, Citigroup Inc. lifted their target price on shares of Douglas Emmett from $30.50 to $35.50 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. 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 stock currently has a consensus rating of “Hold” and a consensus target price of $34.27.

The stock’s 50-day moving average is $36.50 and its 200 day moving average is $32.19. The company has a market cap of $5.72 billion and a P/E ratio of 96.04.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. During the same quarter in the prior year, the company posted $0.40 EPS. The company had revenue of $187.22 million for the quarter, compared to the consensus estimate of $177.61 million. Douglas Emmett’s revenue was up 16.7% compared to the same quarter last year. On average, equities analysts forecast that Douglas Emmett Inc. will post $1.78 EPS for the current fiscal year.

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.33%.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 140,000 shares of the stock in a transaction on Friday, May 20th. The shares were sold at an average price of $32.10, for a total transaction of $4,494,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of institutional investors have added to or reduced their stakes in DEI. Cornerstone Capital Management Holdings LLC. raised its position in 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 valued at $2,561,000 after buying an additional 1,922 shares during the period. State of New Jersey Common Pension Fund D raised its position in 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 valued at $6,641,000 after buying an additional 35,000 shares during the period. Employees Retirement System of Texas raised its position in 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 valued at $8,730,000 after buying an additional 55,000 shares during the period. Foresters Investment Management Company Inc. raised its position in 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 valued at $12,035,000 after buying an additional 2,000 shares during the period. Finally, Principal Financial Group Inc. raised its position in 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 valued at $13,963,000 after buying an additional 13,655 shares during the period.

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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