Barclays Maintains a Sell Rating on Douglas Emmett (DEI)


Barclays analyst Ross L Smotrich maintained a Sell rating on Douglas Emmett (NYSE: DEI) yesterday and set a price target of $39. The company’s shares closed yesterday at $39.06.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.0% and a 67.7% success rate. Smotrich covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Safety Income & Growth Inc, and Hudson Pacific Properties.

Currently, the analyst consensus on Douglas Emmett is a Moderate Buy with an average price target of $42.50.

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Based on Douglas Emmett’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $31.53 million. In comparison, last year the company had a net profit of $20.15 million.

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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.

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