Douglas Emmett (NYSE:DEI) Sets New 1-Year Low – Here’s Why

Shares of Douglas Emmett, Inc. (NYSE:DEI) reached a new 52-week low on Wednesday . The company traded as low as $12.14 and last traded at $12.1150, with a volume of 278294 shares. The stock had previously closed at $12.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their price objective on Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Piper Sandler upped their price objective on Douglas Emmett from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Cantor Fitzgerald assumed coverage on Douglas Emmett in a report on Wednesday, October 1st. They issued a “neutral” rating and a $16.00 price objective for the company. Jefferies Financial Group upgraded Douglas Emmett to a “hold” rating in a report on Monday, October 13th. Finally, BMO Capital Markets set a $17.00 price objective on Douglas Emmett and gave the company a “market perform” rating in a report on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.25.

Douglas Emmett Trading Down 4.1%

The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 55.78 and a beta of 1.28. The business has a 50 day simple moving average of $15.02 and a 200-day simple moving average of $14.92.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $250.58 million during the quarter, compared to analysts’ expectations of $252.73 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The company’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, equities analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.2%. Douglas Emmett’s dividend payout ratio (DPR) is presently 633.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in shares of Douglas Emmett by 448.3% during the third quarter. Hantz Financial Services Inc. now owns 2,621 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 2,143 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of Douglas Emmett by 100.0% during the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 920 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Douglas Emmett by 28.2% during the third quarter. AlphaQuest LLC now owns 20,787 shares of the real estate investment trust’s stock worth $324,000 after buying an additional 4,572 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Douglas Emmett by 2.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 33,786 shares of the real estate investment trust’s stock worth $526,000 after buying an additional 815 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of Douglas Emmett by 9.3% during the third quarter. Resona Asset Management Co. Ltd. now owns 73,816 shares of the real estate investment trust’s stock worth $1,149,000 after buying an additional 6,304 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Company Profile

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.