Jefferies (NYSE:JEF) analyst Peter Abramowitz maintained a Buy rating on Douglas Emmett (NYSE:DEI) on Monday, setting a price target of $34, which is approximately 20.14% above the present share price of $28.3.
Abramowitz expects Douglas Emmett to post earnings per share (EPS) of $0.01 for the third quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Douglas Emmett, with an average price target of $35.43.
The analysts price targets range from a high of $40 to a low of $31.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $207.8 million and a net profit of $30.01 million. The company's market cap is $4.96 billion.
According to TipRanks.com, Jefferies analyst Peter Abramowitz is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of -0.2% and a 50.00% success rate.
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.