Douglas Emmett, Inc. (NYSE:DEI) Receives $13.31 Consensus Price Target from Brokerages

Shares of Douglas Emmett, Inc. (NYSE:DEI) have earned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.3750.

DEI has been the subject of several research reports. Evercore set a $12.00 price target on Douglas Emmett in a report on Wednesday, February 11th. Citigroup raised their price target on Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Weiss Ratings downgraded Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Cantor Fitzgerald lifted their target price on Douglas Emmett from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Scotiabank lifted their target price on Douglas Emmett from $11.50 to $12.00 and gave the stock a “sector perform” rating in a report on Thursday.

Institutional Investors Weigh In On Douglas Emmett

A number of hedge funds and other institutional investors have recently modified their holdings of DEI. Millennium Management LLC lifted its holdings in shares of Douglas Emmett by 650.5% during the fourth quarter. Millennium Management LLC now owns 5,607,861 shares of the real estate investment trust’s stock worth $61,630,000 after buying an additional 4,860,682 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Douglas Emmett by 142.7% during the third quarter. Alyeska Investment Group L.P. now owns 2,544,575 shares of the real estate investment trust’s stock worth $39,619,000 after buying an additional 1,496,132 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Douglas Emmett by 42.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,248,144 shares of the real estate investment trust’s stock worth $30,598,000 after buying an additional 962,787 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 buying an additional 899,233 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in shares of Douglas Emmett by 54.7% during the fourth quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust’s stock worth $27,909,000 after buying an additional 897,630 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Trading Up 0.2%

Shares of Douglas Emmett stock opened at $11.49 on Friday. The business has a fifty day simple moving average of $10.41 and a two-hundred day simple moving average of $10.86. Douglas Emmett has a 1 year low of $9.04 and a 1 year high of $16.99. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -67.56, a P/E/G ratio of 5.98 and a beta of 1.14. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.63 and a quick ratio of 2.63.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Douglas Emmett had a negative return on equity of 0.74% and a negative net margin of 2.59%.The business had revenue of $250.96 million during the quarter, compared to the consensus estimate of $251.11 million. During the same quarter last year, the firm posted $0.40 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. Douglas Emmett has set its FY 2026 guidance at 1.390-1.45 EPS. Research analysts forecast that Douglas Emmett will post 1.41 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.6%. Douglas Emmett’s dividend payout ratio (DPR) is currently -447.06%.

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.