Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Price Target at $15.00

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $15.00.

Several equities analysts have recently weighed in on the company. UBS Group cut Douglas Emmett to a “sector perform” rating in a report on Wednesday. Scotiabank lowered their price target on Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating on the stock in a research report on Monday, November 17th. JPMorgan Chase & Co. dropped their price objective on Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Piper Sandler cut shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $19.00 to $14.00 in a research note on Thursday, November 6th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $11.00 target price on shares of Douglas Emmett in a report on Monday, January 5th.

Douglas Emmett Price Performance

NYSE DEI opened at $11.12 on Monday. The firm’s 50 day moving average is $11.54 and its 200-day moving average is $13.81. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $1.86 billion, a PE ratio of 92.71 and a beta of 1.14. Douglas Emmett has a 12-month low of $10.78 and a 12-month high of $18.60.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Douglas Emmett had a net margin of 2.22% and a return on equity of 0.62%. The business had revenue of $250.58 million during the quarter, compared to analysts’ expectations of $252.73 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities research analysts anticipate that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.8%. The ex-dividend date was Wednesday, December 31st. Douglas Emmett’s dividend payout ratio (DPR) is 633.33%.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors have recently bought and sold shares of DEI. State Street Corp lifted its position in shares of Douglas Emmett by 1.0% in the second quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust’s stock valued at $148,593,000 after buying an additional 100,396 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Douglas Emmett by 3.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,971,770 shares of the real estate investment trust’s stock valued at $108,550,000 after purchasing an additional 256,191 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Douglas Emmett by 18.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,684,450 shares of the real estate investment trust’s stock worth $88,507,000 after purchasing an additional 899,233 shares during the period. Geode Capital Management LLC boosted its position in Douglas Emmett by 1.1% during the second quarter. Geode Capital Management LLC now owns 4,362,611 shares of the real estate investment trust’s stock worth $65,620,000 after purchasing an additional 46,651 shares during the period. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Douglas Emmett by 142.7% in the third quarter. Alyeska Investment Group L.P. now owns 2,544,575 shares of the real estate investment trust’s stock valued at $39,619,000 after purchasing an additional 1,496,132 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

About Douglas Emmett

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.