Douglas Emmett (DEI) Gets Higher Price Target from Evercore ISI after NAREIT Meetings

With an annual dividend yield of 6.26%, Douglas Emmett, Inc. (NYSE:DEI) is included among the 12 Stocks with Highest Dividend to Invest In Now.

On June 8, Evercore ISI raised its price recommendation on Douglas Emmett, Inc. (NYSE:DEI) to $14 from $13. It reiterated an In Line rating on the shares. The firm said the target adjustment followed discussions and insights gathered during last week’s annual NAREIT Conference.

Earlier, on May 21, Scotiabank analyst Nicholas Yulico increased the firm’s price goal on Douglas Emmett to $12 from $11.50. He maintained a Sector Perform rating on the stock. The analyst said the firm was updating its price targets for U.S. Real Estate and REIT companies under coverage following first-quarter results. According to Yulico, the quarter reflected a “robust start” to the year for New York City office leasing activity. Broker checks also pointed to strong tenant demand from alternative asset managers, banks, and technology companies. In the multifamily segment, rent growth trends were mixed across Sunbelt markets, while occupancy levels in most markets remained below those seen between 2015 and 2019.

Douglas Emmett, Inc. (NYSE:DEI) is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The company owns and operates office and multifamily properties in the coastal submarkets of Los Angeles and Honolulu.

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