In a report released yesterday, John Kim from BMO Capital maintained a Hold rating on Douglas Emmett (DEI), with a price target of $37. The company’s shares closed yesterday at $38.17.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 4.9% and a 59.3% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, National Health Investors, and Mid-America Apartment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Douglas Emmett with a $38.40 average price target, a 0.6% upside from current levels. In a report issued on February 4, Barclays also upgraded the stock to Hold with a $39 price target.
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Douglas Emmett’s market cap is currently $6.49B and has a P/E ratio of 53.84. The company has a Price to Book ratio of 2.64.
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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.
