Douglas Emmett Inc. (DEI) Hits New 1-Year High at $38.46
Douglas Emmett Inc. (NYSE:DEI) shares hit a new 52-week high during trading on Friday . The stock traded as high as $38.46 and last traded at $37.74, with a volume of 236,502 shares traded. The stock had previously closed at $37.51.
Several research analysts have recently commented on DEI shares. DA Davidson raised their target price on shares of Douglas Emmett from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research lowered shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. BMO Capital Markets lowered shares of Douglas Emmett from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $35.00 to $34.00 in a research report on Wednesday, June 1st. They noted that the move was a valuation call. BTIG Research started coverage on shares of Douglas Emmett in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Finally, Mizuho lowered shares of Douglas Emmett from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Douglas Emmett has a consensus rating of “Hold” and a consensus price target of $34.42.
The firm’s 50 day moving average price is $37.26 and its 200 day moving average price is $33.16. The company has a market cap of $5.74 billion and a PE ratio of 96.50.
Douglas Emmett (NYSE:DEI) last released its 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 analysts’ expectations of $177.61 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. Equities research analysts expect that Douglas Emmett Inc. will post $1.79 EPS for the current fiscal year.
In other news, Chairman Dan A. Emmett sold 140,000 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $36.72, for a total value of $5,140,800.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
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.