Douglas Emmett (NYSE:DEI) Hits New 12-Month Low – What’s Next?

Douglas Emmett, Inc. (NYSE:DEI) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $11.43 and last traded at $11.5250, with a volume of 910460 shares traded. The stock had previously closed at $11.67.

Analyst Upgrades and Downgrades

Several brokerages have commented on DEI. Wells Fargo & Company cut their price target on shares of Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Jefferies Financial Group restated a “hold” rating on shares of Douglas Emmett in a research note on Tuesday, November 11th. Piper Sandler downgraded Douglas Emmett from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $14.00 in a report on Thursday, November 6th. Wall Street Zen cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Finally, Cantor Fitzgerald dropped their price target 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. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.00.

Douglas Emmett Stock Down 0.9%

The stock has a 50-day moving average of $12.59 and a 200-day moving average of $14.43. The company has a debt-to-equity ratio of 1.58, a current ratio of 3.03 and a quick ratio of 3.03. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 96.37 and a beta of 1.12.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Douglas Emmett had a return on equity of 0.62% and a net margin of 2.22%.The company had revenue of $250.58 million for the quarter, compared to analyst estimates of $252.73 million. During the same period in the prior year, the firm posted $0.43 EPS. Douglas Emmett’s quarterly revenue was up .0% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Sell-side analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued 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 Wednesday, December 31st. Douglas Emmett’s dividend payout ratio is presently 633.33%.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alyeska Investment Group L.P. grew its holdings in shares of Douglas Emmett by 142.7% during the third quarter. Alyeska Investment Group L.P. now owns 2,544,575 shares of the real estate investment trust’s stock worth $39,619,000 after purchasing an additional 1,496,132 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Douglas Emmett by 93.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,311,991 shares of the real estate investment trust’s stock valued at $34,772,000 after purchasing an additional 1,117,668 shares in the last quarter. Massachusetts Financial Services Co. MA lifted 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 purchasing an additional 899,233 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Douglas Emmett in the 3rd quarter worth approximately $11,399,000. Finally, Long Pond Capital LP bought a new position in shares of Douglas Emmett in the 1st quarter worth $9,431,000. 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.