Douglas Emmett (NYSE:DEI) Stock Rating Upgraded by Zacks Investment Research

Douglas Emmett (NYSE:DEI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday, reports. The brokerage presently has a $40.00 price objective on the real estate investment trust’s stock. Zacks Investment Research’s target price would suggest a potential upside of 9.65% from the stock’s current price.

According to Zacks, “Douglas Emmett, Inc. 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. “

Separately, Wells Fargo & Company raised Douglas Emmett from an “equal weight” rating to an “overweight” rating and set a $38.00 price objective on the stock in a report on Tuesday, December 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to, the company currently has a consensus rating of “Buy” and a consensus target price of $37.80.

Shares of DEI stock traded up $0.56 during mid-day trading on Friday, hitting $36.48. 1,026,794 shares of the stock were exchanged, compared to its average volume of 1,066,019. The stock’s fifty day simple moving average is $34.26 and its two-hundred day simple moving average is $33.59. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 104.23, a P/E/G ratio of 3.47 and a beta of 0.83. Douglas Emmett has a 12-month low of $26.45 and a 12-month high of $36.97. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.98 and a current ratio of 2.98.


This technology could have an impact 113 times bigger than the internet… 600 times bigger than 5G… and 2,000 times bigger than Bitcoin

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, November 2nd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.35). Douglas Emmett had a return on equity of 1.60% and a net margin of 7.11%. During the same period in the previous year, the business posted $0.40 EPS. On average, research analysts expect that Douglas Emmett will post 1.84 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of DEI. Dark Forest Capital Management LP acquired a new stake in Douglas Emmett during the second quarter worth about $37,000. AGF Investments Inc. bought a new position in Douglas Emmett in the 3rd quarter worth about $183,000. CIBC Asset Management Inc bought a new position in Douglas Emmett in the 3rd quarter worth about $202,000. Inspire Investing LLC bought a new position in Douglas Emmett in the 3rd quarter worth about $227,000. Finally, Van ECK Associates Corp grew its position in Douglas Emmett by 15.6% in the 3rd quarter. Van ECK Associates Corp now owns 7,807 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 1,055 shares during the last quarter. Hedge funds and other institutional investors own 93.03% of the company’s stock.

About Douglas Emmett

Douglas Emmett, Inc is a real estate investment trust, which engages in the acquisition, development, ownership, and management of real estate properties. It operates through the following segments: Office, and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.

See Also: Dividend Aristocrat Index

Get a free copy of the Zacks research report on Douglas Emmett (DEI)

For more information about research offerings from Zacks Investment Research, visit

Analyst Recommendations for Douglas Emmett (NYSE:DEI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Douglas Emmett right now?

Before you consider Douglas Emmett, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Douglas Emmett wasn’t on the list.

While Douglas Emmett currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here


Related Articles

Stay Connected

- Advertisement -

Latest Articles