In a report issued on February 13, Mitchell Germain from JMP Securities maintained a Hold rating on Douglas Emmett (DEI). The company’s shares closed on Friday at $38.60.
According to TipRanks.com, Germain is a 4-star analyst with an average return of 8.9% and a 69.2% success rate. Germain covers the Financial sector, focusing on stocks such as Colliers International Group, City Office REIT, and Global Net Lease.
Currently, the analyst consensus on Douglas Emmett is a Moderate Buy with an average price target of $38.40, a -0.5% downside 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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Based on Douglas Emmett’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $25.64 million. In comparison, last year the company had a net profit of $29.26 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.
