Scotiabank Issues Pessimistic Forecast for Douglas Emmett (NYSE:DEI) Stock Price

Douglas Emmett (NYSE:DEI) had its price target decreased by Scotiabank from $13.00 to $12.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would indicate a potential upside of 16.11% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Cantor Fitzgerald increased their price target on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 9th. Weiss Ratings raised shares of Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Wells Fargo & Company raised their target price on shares of Douglas Emmett from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Piper Sandler lifted their price target on Douglas Emmett from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and a consensus price target of $13.57.

Douglas Emmett Stock Down 0.2%

DEI stock traded down $0.03 during mid-day trading on Thursday, reaching $10.34. The company had a trading volume of 578,599 shares, compared to its average volume of 2,371,152. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -68.90, a PEG ratio of 4.06 and a beta of 1.15. Douglas Emmett has a 52 week low of $9.04 and a 52 week high of $16.50. The stock has a 50 day simple moving average of $11.72 and a two-hundred day simple moving average of $11.21. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.60 and a quick ratio of 2.60.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.38). The company had revenue of $256.55 million for the quarter, compared to the consensus estimate of $253.35 million. Douglas Emmett had a negative return on equity of 0.66% and a negative net margin of 2.27%.The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. As a group, equities analysts predict that Douglas Emmett will post 1.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DEI. Tidal Investments LLC boosted its stake in Douglas Emmett by 35.5% in the 2nd quarter. Tidal Investments LLC now owns 134,676 shares of the real estate investment trust’s stock valued at $1,589,000 after purchasing an additional 35,316 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Douglas Emmett in the 2nd quarter valued at $73,000. Allworth Financial LP increased its position in Douglas Emmett by 320.1% during the 2nd quarter. Allworth Financial LP now owns 5,772 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 4,398 shares during the period. Nykredit A S bought a new position in Douglas Emmett during the 2nd quarter worth $42,000. Finally, Corient Private Wealth LP lifted its holdings in shares of Douglas Emmett by 12.5% during the second quarter. Corient Private Wealth LP now owns 26,453 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 2,943 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

About Douglas Emmett

Douglas Emmett, Inc (NYSE:DEI) is a self-administered and self-managed real estate investment trust that owns, develops, acquires and operates office and multifamily properties. The company focuses primarily on high-quality, strategically located properties in supply-constrained markets.

Its office portfolio is concentrated in Los Angeles, including the Westside and neighboring submarkets, while its multifamily properties are located in Los Angeles and Honolulu. The company’s properties serve a range of businesses and residential tenants, with an emphasis on well-located Class A office buildings and apartment communities.

Douglas Emmett was founded in 1971 and became a publicly traded company in 2006.