BMO Capital analyst John Kim maintained a Hold rating on Douglas Emmett (DEI) on August 5 and set a price target of $41. The company’s shares closed yesterday at $40.35.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 4.3% and a 56.3% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and Investors Real Estate ate.
Douglas Emmett has an analyst consensus of Hold, with a price target consensus of $44.
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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 $33.97 million. In comparison, last year the company had a net profit of $31.53 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 following segments: Office and Multifamily. The Office segment comprises rental of office space and other tenant services, including parking and storage space rental.
