J.P. Morgan Raises EPS Estimates For DEI

J.P. Morgan has published a report raising estimates for Douglas Emmett Inc. DEI. In the report J.P. Morgan writes, "We are raising our 2011 and 2012 FFO/share estimates for DEI $0.02 and $0.03, respectively, to $1.36 in 2011 and $1.36 in 2012 on the back of DEI's recent debt issuance. Our 2011 estimate is notably above both the high end of management guidance ($1.23 to $1.31) and Bloomberg consensus of $1.30." DEI has an Overweight Rating and a $21.00 Price Target. DEI closed yesterday at $17.88 a share.