Douglas Emmett, Inc. (NYSE:DEI) Receives $16.71 Consensus Price Target from Analysts

Douglas Emmett, Inc. (NYSE:DEI) has received a consensus rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.00.

DEI has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Douglas Emmett in a research note on Wednesday, November 19th. Wall Street Zen downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Cantor Fitzgerald decreased their target price on shares of Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Piper Sandler cut shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $14.00 in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday.

Douglas Emmett Trading Up 4.3%

Shares of Douglas Emmett stock opened at $12.20 on Friday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 55.43 and a beta of 1.28. Douglas Emmett has a 52-week low of $11.43 and a 52-week high of $20.50. The company’s 50-day simple moving average is $13.66 and its 200-day simple moving average is $14.68. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.34 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 during the quarter, compared to the consensus estimate of $252.73 million. During the same quarter last year, the firm earned $0.43 earnings per share. The firm’s revenue 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 research analysts anticipate that Douglas Emmett will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

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 of this dividend was Tuesday, September 30th. This represents a $0.76 annualized dividend and a yield of 6.2%. Douglas Emmett’s payout ratio is currently 633.33%.

Institutional Trading of Douglas Emmett

Several large investors have recently bought and sold shares of DEI. EverSource Wealth Advisors LLC raised its stake in shares of Douglas Emmett by 220.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,166 shares during the last quarter. Westside Investment Management Inc. increased its holdings in Douglas Emmett by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,840 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 920 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Douglas Emmett during the first quarter worth about $30,000. Advisory Services Network LLC acquired a new position in Douglas Emmett during the third quarter worth about $32,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Douglas Emmett by 448.3% in the third quarter. Hantz Financial Services Inc. now owns 2,621 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,143 shares in the last quarter. Institutional investors and hedge funds 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.