In a study made public on Tuesday, research analysts at Wells Fargo & Company cut their price objective for Douglas Emmett (NYSE: DEI), as stated by Benzinga. The previous price objective of $28.00 has been revised to $24.00. At this time, the brokerage firm has assigned the shares of the real estate investment trust an evaluation of “overweight,” signifying that they believe the price of the shares will go up shortly.
Compared to the price at which the stock is currently trading, the upside potential indicated by the target price proposed by Wells Fargo & Company is 20.97 percent. There have been a few more publications recently that have emphasized DEI. A research note concerning Douglas Emmett was made available by Credit Suisse Group on June 22. They suggested to investors that they “outperform” the company and that the price objective be set at $27.00. On the 4th of July, Piper Sandler lowered their price objective for Douglas Emmett to $30 and revealed the change in a research note that was made public on the 4th of July. In a research note issued on June 30, Jefferies Financial Group decreased their price objective for Douglas Emmett from $31.00 to $24.00 and classified the company as a “hold.”
In a research report released on Thursday, August 4, Raymond James rated the company as “outperforming” and decreased their price objective for Douglas Emmett from $38.00 to $28.00. The report was about the company. In a research note released on Monday, June 20, Evercore ISI predicted a price objective of $33.00 for Douglas Emmett. This projection was surely not the least important of the three, though. Five research analysts advocated for investors to buy the stock, while only two suggested investors continue holding their existing positions. The company is presently seen as having a consensus rating of “Moderate Buy,” Its price goal has been set at an average of $28.29, as indicated by the data provided by Bloomberg. The stock ticker symbol for DEI (NYSE: DEI) opened on Tuesday at $19.84.
Over the previous year, Douglas Emmett’s rates have ranged from a high of $19.65 to a low of the same amount. The debt to equity ratio stands at 1.23, while the quick ratio is 3.04, and the current ratio stands at 3.04. The company has a price-to-earnings ratio of 40.49, its market capitalization is $3.49 billion, its price-to-earnings-growth ratio is 1.86, and its beta value is 0.92. The company’s price-to-earnings growth ratio is 1.86. Moving averages for the previous 50 days come in at $22.18 for the company while moving averages for the past 200 days come in at $27.31 for the company. On August 1, Douglas Emmett published its most recent quarterly results report, which can be found under the ticker symbol “NYSE: DEI.”
This report may be viewed on the New York Stock Exchange website. Earnings of $0.14 per share for the quarter from the real estate investment trust were consistent with projections made by industry analysts for the period. The company’s return on equity and net margin were said to be 2.14 percent and 9.78 percent, respectively. The industry analysts’ forecast for total sales for the quarter was $245.29 million; the actual sales came in at $247.00 million, which was higher. Compared to the previous year’s results for the same three-month period, the company reported earnings of $0.47 per share. Compared to the preceding period, the company’s revenue was recorded as having increased by 9.8%.
In light of the research findings, it is anticipated that each share of Douglas Emmett will generate earnings of $2.05 this year. Significant investors have recently exhibited fluctuations in the amount of interest they hold in DEI. During the fourth-quarter fiscal period of the company, Abrdn plc was able to execute an increase in its ownership of Douglas Emmett of 4.8%. After purchasing an extra 1,634 shares of the real estate investment trust during the most recent fiscal quarter, Aberdeen plc now has 35,978 shares of the investment above vehicle. The current value of these shares on the market is 1,205,000 dollars. A 16.5% increase in the proportion of Douglas Emmett shares owned by ProShare Advisors LLC was accomplished during the company’s fourth quarter. Three months ago, ProShare Advisors LLC increased the total number of shares it owns in the real estate investment trust by purchasing an additional 6,356 shares. It brought the total number of shares it owns to 44,899, with an estimated value of $1,504,000 in today’s market. The value of First Trust Advisors LP’s position in Douglas Emmett increased by 7.6% during the last three months of 2018. First Trust Advisors LP has increased its real estate investment trust holdings by purchasing an additional 4,376 shares since the beginning of this quarter. It brings the total number of shares held by the company to 61,990, with an estimated market value of $2,077,000. During the most recent fiscal quarter, the Florida State Board of Administration of the Florida Retirement System increased its ownership of Douglas Emmett shares by 9.7 percent. After making an additional purchase of 20,148 shares during the most recent quarter, the State Board of Administration of the Florida Retirement System now has 228,280 shares of the real estate investment trust in its possession. It brings the total number of shares the board currently owns to 228,280. The value of these shares on the market as of right now is $7,647,000. CIBC Asset Management Inc. increased its holdings of Douglas Emmett stock by 9.9 percent in the fourth and final quarter of 2018. After making an additional acquisition of 633 shares during the most recent quarter, CIBC Asset Management Inc. now has total ownership of 7,017 shares of the real estate investment trust, valued at $235,000. It is in addition to the purchase of 633 shares during the previous quarter. Institutional investors, including hedge funds and various other sorts, control 93.57% of the company’s shares. In the prestigious coastal submarkets of Los Angeles and Honolulu, Douglas Emmett, Inc. (DEI), a fully integrated, self-administered, and self-managed real estate investment trust, is one of the leading owners and managers of premium office and multifamily buildings. DEI is also one of the leading real estate investment trusts overall. As a result, DEI is now considered one of the nation’s most successful real estate investment trusts (REIT). Douglas Emmett wants to own and buy many great commercial properties, multifamily complexes, luxury executive apartments, and important lifestyle facilities in places where there aren’t many of these properties.