Douglas Emmett (NYSE:DEI) Price Target Lowered to $16.00 at JPMorgan Chase & Co.

Douglas Emmett (NYSE:DEI) had its price objective cut by analysts at JPMorgan Chase & Co. from $18.00 to $16.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 31.63% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. Scotiabank decreased their price target on shares of Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating for the company in a research note on Monday, November 17th. 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 research report on Wednesday, August 27th. Jefferies Financial Group reissued a “hold” rating on shares of Douglas Emmett in a report on Tuesday, November 11th. Cantor Fitzgerald lowered their price target on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Piper Sandler cut Douglas Emmett from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $19.00 to $14.00 in a research report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.63.

Douglas Emmett Trading Up 4.0%

Shares of NYSE:DEI traded up $0.47 on Tuesday, reaching $12.16. 206,992 shares of the company traded hands, compared to its average volume of 1,904,703. The stock has a market capitalization of $2.04 billion, a P/E ratio of 55.39 and a beta of 1.28. The business’s 50-day simple moving average is $13.75 and its 200 day simple moving average is $14.70. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 1.55. Douglas Emmett has a 52 week low of $11.43 and a 52 week high of $20.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data 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. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm had revenue of $250.58 million for the quarter, compared to analysts’ expectations of $252.73 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, equities analysts anticipate that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DEI. State Street Corp grew its stake in shares of Douglas Emmett by 1.0% during the 2nd quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust’s stock valued at $148,593,000 after purchasing an additional 100,396 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Douglas Emmett by 3.8% in the third quarter. Wellington Management Group LLP now owns 6,971,770 shares of the real estate investment trust’s stock worth $108,550,000 after buying an additional 256,191 shares during the last quarter. Massachusetts Financial Services Co. MA grew 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 valued at $88,507,000 after buying an additional 899,233 shares during the period. Geode Capital Management LLC increased its holdings 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 valued at $65,620,000 after buying an additional 46,651 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Douglas Emmett by 13.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,195,729 shares of the real estate investment trust’s stock worth $67,134,000 after acquiring an additional 492,997 shares during the period. Institutional investors own 97.37% of the company’s stock.

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.