Douglas Emmett (NYSE:DEI) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Douglas Emmett (NYSE:DEI) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Other equities research analysts have also issued research reports about the stock. Piper Sandler upped their price objective on shares of Douglas Emmett from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Cantor Fitzgerald lifted their target price on shares of Douglas Emmett from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Scotiabank boosted their target price on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Wells Fargo & Company increased their price target on shares of Douglas Emmett from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Evercore set a $14.00 price target on shares of Douglas Emmett in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.57.

Douglas Emmett Price Performance

DEI stock opened at $12.12 on Friday. Douglas Emmett has a 1 year low of $9.04 and a 1 year high of $16.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.63 and a quick ratio of 2.63. The firm has a market capitalization of $2.03 billion, a PE ratio of -71.26, a price-to-earnings-growth ratio of 6.39 and a beta of 1.15. The business has a 50 day simple moving average of $11.99 and a 200-day simple moving average of $10.96.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company 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 firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. Douglas Emmett has set its FY 2026 guidance at 1.390-1.45 EPS. Equities research analysts anticipate that Douglas Emmett will post 1.41 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.3%. The ex-dividend date was Tuesday, June 30th. Douglas Emmett’s payout ratio is -447.06%.

Institutional Investors Weigh In On Douglas Emmett

A number of institutional investors have recently made changes to their positions in DEI. Millennium Management LLC lifted its holdings in shares of Douglas Emmett by 650.5% in the 4th quarter. Millennium Management LLC now owns 5,607,861 shares of the real estate investment trust’s stock worth $61,630,000 after acquiring an additional 4,860,682 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in Douglas Emmett by 142.7% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,544,575 shares of the real estate investment trust’s stock valued at $39,619,000 after purchasing an additional 1,496,132 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Douglas Emmett by 42.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,248,144 shares of the real estate investment trust’s stock valued at $30,598,000 after purchasing an additional 962,787 shares during the period. Centersquare Investment Management LLC raised its position in Douglas Emmett by 54.7% in the fourth quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust’s stock valued at $27,909,000 after purchasing an additional 897,630 shares during the period. Finally, Marshall Wace LLP lifted its stake in Douglas Emmett by 1,195.2% during the fourth quarter. Marshall Wace LLP now owns 933,067 shares of the real estate investment trust’s stock worth $10,254,000 after purchasing an additional 861,024 shares in the last quarter. 97.37% of the stock is currently 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.