Barclays Maintains Douglas Emmett to Underweight with Price Target $35.00

Brokerage firm Barclays Maintains its rating on Douglas Emmett(NYSE:DEI). In a research note issued to the investors, the brokerage major Raises the price-target to $35.00 per share. The shares have been rated Underweight. The rating by Barclays was issued on Aug 29, 2016.

In a different note, BTIG Research said it Initiates Coverage on Douglas Emmett, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 4, 2016, Mizuho Securities said it Downgrades its rating on Douglas Emmett. The shares have been rated ‘Neutral’ by the firm. On Jul 19, 2016, Barclays said it Maintains its rating on Douglas Emmett. In the research note, the firm Raises the price-target to $31.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Douglas Emmett. In the research note, the firm Raises the price-target to $30.50 per share. The shares have been rated ‘Neutral’ by the firm. Baird said it Initiates Coverage on Douglas Emmett, according to a research note issued on Jun 30, 2016. The shares have been rated ‘Outperform’ by the firm.

Douglas Emmett (DEI) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -0.13% at a volume of 6,66,935. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.72. The peak price level was also seen at $37.72 while the days lowest was $37.24. Finally the shares closed at $37.51. The 52-week high of the shares is $38.4 while the 52-week low is $24.73. According to the latest information available, the market cap of the company is $5,665 M.

Douglas Emmett(DEI) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $163.10M. Analysts had an estimated revenue of $177.61M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.45.

Several Insider Transactions has been reported to the SEC. On Aug 22, 2016, Dan A Emmett (Chairman of the Board) sold 140,000 shares at $36.91 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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