Douglas Emmett, Inc. (NYSE:DEI) Receives Average Recommendation of “Hold” from Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $13.50.

A number of research firms recently commented on DEI. Wells Fargo & Company increased their price objective on Douglas Emmett from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Scotiabank raised their price target on Douglas Emmett from $11.50 to $12.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 21st. Evercore set a $14.00 price target on Douglas Emmett in a research note on Monday, June 8th. Cantor Fitzgerald raised their price target on Douglas Emmett from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Citigroup raised their price target on Douglas Emmett from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th.

Douglas Emmett Stock Down 4.9%

DEI opened at $11.56 on Thursday. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.62. The firm has a market cap of $1.94 billion, a P/E ratio of -67.97, a PEG ratio of 6.34 and a beta of 1.16. Douglas Emmett has a 52 week low of $9.04 and a 52 week high of $16.99. The business’s fifty day simple moving average is $11.30 and its 200 day simple moving average is $10.84.

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

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently -447.06%.

Institutional Trading of Douglas Emmett

Hedge funds have recently added to or reduced their stakes in the business. Bayhunt Capital LLC acquired a new stake in Douglas Emmett in the 4th quarter worth about $4,012,000. JPMorgan Chase & Co. boosted its stake in Douglas Emmett by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,718,393 shares of the real estate investment trust’s stock worth $26,755,000 after buying an additional 135,622 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Douglas Emmett by 54.7% in the 4th quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust’s stock worth $27,909,000 after purchasing an additional 897,630 shares during the period. Legal & General Group Plc raised its holdings in shares of Douglas Emmett by 18.9% in the 4th quarter. Legal & General Group Plc now owns 2,494,659 shares of the real estate investment trust’s stock worth $27,416,000 after purchasing an additional 396,487 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Douglas Emmett by 19.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,295,210 shares of the real estate investment trust’s stock worth $35,736,000 after purchasing an additional 374,928 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

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.