Douglas Emmett (NYSE:DEI) Hits New 12-Month Low – Should You Sell?

Douglas Emmett, Inc. (NYSE:DEI) hit a new 52-week low on Wednesday . The company traded as low as $12.50 and last traded at $12.54, with a volume of 403896 shares trading hands. The stock had previously closed at $13.09.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a research note on Monday, January 13th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Jefferies Financial Group began coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a “hold” rating and a $16.00 price target on the stock. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Finally, StockNews.com cut Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.50.

Douglas Emmett Stock Performance

The stock has a market cap of $2.09 billion, a P/E ratio of 96.10 and a beta of 1.09. The firm has a 50 day moving average of $16.43 and a two-hundred day moving average of $17.66. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. On average, research analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is 584.62%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DEI. GAMMA Investing LLC lifted its holdings in Douglas Emmett by 1,508.8% during the 1st quarter. GAMMA Investing LLC now owns 73,376 shares of the real estate investment trust’s stock valued at $1,174,000 after purchasing an additional 68,815 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Douglas Emmett during the fourth quarter worth approximately $305,000. GF Fund Management CO. LTD. acquired a new position in shares of Douglas Emmett in the 4th quarter worth approximately $56,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Douglas Emmett by 2.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,111,859 shares of the real estate investment trust’s stock worth $20,636,000 after acquiring an additional 26,432 shares during the last quarter. Finally, Wexford Capital LP acquired a new stake in Douglas Emmett during the 4th quarter valued at $438,000. 97.37% of the stock is owned by institutional investors.

About Douglas Emmett

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.