Douglas Emmett Inc (DEI) stock expected to gain 96.63% in the coming months

A share price of Douglas Emmett Inc [DEI] is currently trading at $13.35, up 1.52%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DEI shares have gain 1.60% over the last week, with a monthly amount drifted -0.30%, and not seem to be holding up well over a long-time horizon.

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On 2, April 2024, Douglas Emmett Announces Dates for Its 2024 First Quarter Earnings Results and Live Conference Call. In a post published today on Yahoo Finance, Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), announced today that it plans to release its 2024 first quarter earnings results after market close on Tuesday, May 7, 2024. A live conference call is scheduled for the following day, Wednesday, May 8, 2024, at 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time. Jordan Kaplan, President and Chief Executive Officer, will host the call along with Peter Seymour, Chief Financial Officer; Kevin Crummy, Chief Investment Officer; and Stuart McElhinney, Vice President Investor Relations. Interested parties can listen to the call via the following:.

From an analyst’s perspective:

Douglas Emmett Inc [NYSE: DEI] stock has seen the most recent analyst activity on January 02, 2024, when Jefferies upgraded its rating to a Hold and also boosted its price target to $15 from $10. Previously, Wedbush started tracking the stock with Neutral rating on October 03, 2023, and set its price target to $13. On September 12, 2023, KeyBanc Capital Markets initiated with a Sector Weight rating. Piper Sandler downgraded its rating to a Neutral but stick to its price target of $15 on September 05, 2023. BofA Securities downgraded its rating to a Underperform and reduced its price target to $10 on August 08, 2023. Piper Sandler upgraded its rating to Overweight for this stock on April 05, 2023, and upped its price target to $15. In a note dated March 03, 2023, BMO Capital Markets downgraded an Underperform rating on this stock and revised its target price from $21 to $13.

Douglas Emmett Inc experienced fluctuations in its stock price throughout the past year between $10.09 and $16.12. Currently, Wall Street analysts expect the stock to reach $26.25 within the next 12 months. Douglas Emmett Inc [NYSE: DEI] shares were valued at $13.35 at the most recent close of the market. An investor can expect a potential return of 96.63% based on the average DEI price forecast.

Analyzing the DEI fundamentals

Trailing Twelve Months sales for Douglas Emmett Inc [NYSE:DEI] were 1.02B which represents 2.02% growth. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.06 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.5.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.08 points at the first support level, and at 12.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.53, and for the 2nd resistance point, it is at 13.70.

Douglas Emmett Inc [DEI] reported earnings per share of -$0.24 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.09/share, meaning a difference of -$0.15 and a surprise factor of -166.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.08 per share as compared to estimates of -$0.08 per share, a difference of $0 representing a surprise of 0.00%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 2.19, the price to book ratio is 1.01.

Transactions by insiders

Recent insider trading involved SIMON WILLIAM E JR, Director, that happened on Dec 06 ’23 when 91000.0 shares were sold. Director, SIMON WILLIAM E JR completed a deal on Jun 08 ’23 to buy 10000.0 shares.

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