Douglas Emmett (DEI) Given “Sell” Rating at Barclays
Douglas Emmett (NYSE:DEI)‘s stock had its “sell” rating reissued by stock analysts at Barclays in a research note issued to investors on Tuesday. They presently have a $37.00 price target on the real estate investment trust’s stock. Barclays’ price objective suggests a potential upside of 2.21% from the stock’s previous close.
Other research analysts have also issued research reports about the company. BMO Capital Markets set a $39.00 target price on Douglas Emmett and gave the company a “hold” rating in a report on Tuesday, February 13th. Zacks Investment Research raised Douglas Emmett from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Stifel Nicolaus reduced their target price on Douglas Emmett from $43.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, February 15th. JPMorgan Chase reduced their target price on Douglas Emmett from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, March 23rd. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $42.00 target price on shares of Douglas Emmett in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Douglas Emmett presently has a consensus rating of “Hold” and an average price target of $41.11.
DEI traded up $0.22 during trading hours on Tuesday, hitting $36.20. The stock had a trading volume of 367,456 shares, compared to its average volume of 860,411. Douglas Emmett has a 1 year low of $34.72 and a 1 year high of $41.59. The firm has a market cap of $6,072.16, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 2.70 and a beta of 0.66. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.75 and a current ratio of 2.75.
Several institutional investors and hedge funds have recently modified their holdings of DEI. Tower Research Capital LLC TRC boosted its position in shares of Douglas Emmett by 514.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 2,211 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of Douglas Emmett during the 4th quarter valued at about $165,000. Vident Investment Advisory LLC bought a new stake in shares of Douglas Emmett during the 4th quarter valued at about $215,000. Lourd Capital LLC bought a new stake in shares of Douglas Emmett during the 4th quarter valued at about $312,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Douglas Emmett during the 4th quarter valued at about $368,000. Hedge funds and other institutional investors own 98.29% of the company’s stock.
Douglas Emmett Company Profile
Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.
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