Douglas Emmett (NYSE:DEI) Reaches New 1-Year High at $42.56

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Douglas Emmett, Inc. (NYSE:DEI)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $42.56 and last traded at $42.51, with a volume of 23265 shares changing hands. The stock had previously closed at $42.25.

Several equities analysts recently commented on DEI shares. Robert W. Baird set a $51.00 price target on shares of Douglas Emmett and gave the company a “buy” rating in a report on Wednesday, August 21st. Zacks Investment Research upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $42.63.

The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.74 and a current ratio of 3.74. The firm has a market capitalization of $7.40 billion, a P/E ratio of 21.21, a P/E/G ratio of 3.43 and a beta of 0.70. The stock’s 50 day simple moving average is $41.41 and its 200 day simple moving average is $40.82.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The business had revenue of $230.50 million for the quarter, compared to the consensus estimate of $226.45 million. Douglas Emmett had a net margin of 13.54% and a return on equity of 3.05%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. On average, analysts anticipate that Douglas Emmett, Inc. will post 2.11 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Douglas Emmett by 1.9% during the first quarter. BlackRock Inc. now owns 20,176,003 shares of the real estate investment trust’s stock valued at $815,515,000 after purchasing an additional 378,247 shares in the last quarter. Zimmer Partners LP boosted its stake in shares of Douglas Emmett by 459.7% during the second quarter. Zimmer Partners LP now owns 6,507,082 shares of the real estate investment trust’s stock valued at $259,242,000 after purchasing an additional 5,344,582 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Douglas Emmett by 17.3% during the second quarter. Renaissance Technologies LLC now owns 4,798,800 shares of the real estate investment trust’s stock valued at $191,184,000 after purchasing an additional 706,200 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Douglas Emmett by 45.0% during the second quarter. Bank of New York Mellon Corp now owns 2,915,912 shares of the real estate investment trust’s stock valued at $116,170,000 after purchasing an additional 904,350 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Douglas Emmett by 2.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,369,378 shares of the real estate investment trust’s stock valued at $94,397,000 after purchasing an additional 45,407 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

Douglas Emmett Company Profile (NYSE:DEI)

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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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