In a report issued on October 12, Ross L Smotrich from Barclays maintained a Sell rating on Douglas Emmett (NYSE: DEI), with a price target of $37. The company’s shares closed on Friday at $36.27.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.8% and a 62.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Safety Income & Growth Inc.
Currently, the analyst consensus on Douglas Emmett is a Moderate Buy with an average price target of $42.
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Douglas Emmett’s market cap is currently $6.16B and has a P/E ratio of 53.03. The company has a Price to Book ratio of 2.50.
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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 Office and Multifamily segments. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.
