Wall Street analysts’ outlook for Douglas Emmett Inc (DEI)

With 1.52 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.65 shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $13.74 whereas the lowest price it dropped to was $13.16. The 52-week range on DEI shows that it touched its highest point at $16.86 and its lowest point at $10.09 during that stretch. It currently has a 1-year price target of $13.96. With its current market cap of 2.22 billion, DEI has annualized dividend of $0.76 (5.71%) while the current yield stands at 0.76 (5.71%). Beta for the stock currently stands at 1.08.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DEI was up-trending over the past week, with a rise of 2.07%, but this was down by -8.01% over a month. Three-month performance surged to 11.00% while six-month performance fell -2.42%. The stock lost -19.37% in the past year, while it has lost -8.14% so far this year. A look at the trailing 12-month EPS for DEI yields -0.27 with Next year EPS estimates of -0.56. For the next quarter, that number is -0.10. This implies an EPS growth rate of -70.32% for this year and -26.22% for next year.

Float and Shares Shorts:

At present, 175.81 million DEI shares are outstanding with a float of 160.11 million shares on hand for trading. On Jan 31, 2024, short shares totaled 17.55 million, which was 10.53% higher than short shares on Dec 29, 2023. In addition to Mr. Jordan L. Kaplan as the firm’s President, CEO & Director, Mr. Peter D. Seymour serves as its Chief Financial Officer.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DEI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DEI analysts setting a high price target of $17.00 and a low target of $9.00, the average target price over the next 12 months is $13.96. Based on these targets, DEI could surge 27.63% to reach the target high and fall by -32.43% to reach the target low. Reaching the average price target will result in a growth of 4.8% from current levels.

Summary of Insider Activity:

Insiders traded DEI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 10,000 while 0 shares were sold.