KeyBanc Capital Markets Initiates Douglas Emmett: Buy, $22 PT

KeyBanc Capital Markets initiated coverage of Douglas Emmett (NYSE: DEI) with a Buy rating and $22 price target in a research report published today.

In the report, Keyblanc said, "Despite the year-to-date total return outperformance of 710 bps and 1,360 bps relative to the MSCI US REIT Index (RMS) and the office group, respectively, [Douglass Emmett] represents one of the more attractive opportunities among the class A office landlords."

Shares of Douglas Emmett closed at $17.88, down 1.97% from Friday's market close.

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