Raymond James analyst William Crow maintained a Buy rating on Douglas Emmett (DEI) yesterday. The company’s shares closed last Monday at $24.51, close to its 52-week low of $22.88.
According to TipRanks.com, Crow is a 4-star analyst with an average return of 3.4% and a 59.6% success rate. Crow covers the Financial sector, focusing on stocks such as Washington Real Estate Investment, Easterly Government Properties, and Corporate Office Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Douglas Emmett with a $30.88 average price target.
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Based on Douglas Emmett’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $208 million and net profit of $2.03 million. In comparison, last year the company earned revenue of $231 million and had a net profit of $33.97 million.
Based on the recent corporate insider activity of 9 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.
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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. The Multifamily segment includes rental of apartments and other tenant services, including parking and storage space rental. The company was founded on June 28, 2005 and is headquartered in Santa Monica, CA.
