In a report released yesterday, Richard Anderson from Mizuho Securities reiterated a Buy rating on Douglas Emmett (NYSE: DEI), with a price target of $46. The company’s shares closed on Friday at $39.47.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 6.3% and a 73.3% success rate. Anderson covers the Financial sector, focusing on stocks such as Apartment Investment & Management, First Industrial Realty Trust, and Hudson Pacific Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Douglas Emmett with a $42.67 average price target, representing an 8.1% upside. In a report issued on August 2, Stifel Nicolaus also maintained a Buy rating on the stock with a $43 price target.
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Douglas Emmett’s market cap is currently $6.71B and has a P/E ratio of 57.70. The company has a Price to Book ratio of 2.73.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DEI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
