Baird Initiates Coverage on Douglas Emmett to Outperform

Baird Initiates Coverage on Douglas Emmett(NYSE:DEI). The shares have been rated Outperform. The rating by Baird was issued on Jun 30, 2016.

In a different note, On May 5, 2016, Evercore ISI Group said it Downgrades its rating on Douglas Emmett. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Hold’ by the firm.

Douglas Emmett (DEI) made into the market gainers list on Tuesdays trading session with the shares advancing 0.76% or 0.27 points. Due to strong positive momentum, the stock ended at $35.87, which is also near the day’s high of $35.96. The stock began the session at $35.53 and the volume stood at 8,83,715 shares. The 52-week high of the shares is $35.99 and the 52 week low is $24.73. The company has a current market capitalization of $5,302 M and it has 14,78,03,520 shares in outstanding.

Douglas Emmett(DEI) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $168.57M. Analysts had an estimated revenue of $159.83M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.42.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, Dan A Emmett (Chairman of the Board) sold 140,000 shares at $32.11 per share price.

Douglas Emmett Inc. is a self-administered and self-managed Real Estate Investment Trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two segments: Office Properties and Multifamily Properties. The Office Properties segment products include rental of office space and other tenant services including parking and storage space rental. The Multifamily Properties segment products include rental of apartments and other tenant services including parking and storage space rental. The Company owned a consolidated portfolio of approximately 53 office properties and approximately 10 multifamily properties. Its properties are located in the Brentwood Olympic Corridor Century City Beverly Hills Santa Monica Westwood Sherman Oaks/Encino Warner Center/Woodland Hills and Burbank submarkets of Los Angeles County California and in Honolulu Hawaii.

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