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

Douglas Emmett (NYSE:DEI) had its price objective trimmed by JPMorgan Chase & Co. from $18.00 to $16.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

DEI has been the topic of a number of other research reports. Jefferies Financial Group restated a “hold” rating on shares of Douglas Emmett in a research report on Tuesday, November 11th. Scotiabank lowered their price objective on Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating for the company in a research report on Monday, November 17th. Wall Street Zen lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Cantor Fitzgerald decreased their price target on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Wells Fargo & Company lifted their price target on Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

Douglas Emmett Trading Up 0.7%

Douglas Emmett stock opened at $12.27 on Tuesday. The stock has a 50-day moving average price of $13.51 and a 200 day moving average price of $14.65. Douglas Emmett has a 52 week low of $11.43 and a 52 week high of $20.50. The stock has a market cap of $2.05 billion, a PE ratio of 55.78 and a beta of 1.28. 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 (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, meeting analysts’ consensus estimates of $0.34. The company had revenue of $250.58 million for the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities research analysts predict that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.76 annualized dividend and a yield of 6.2%. Douglas Emmett’s dividend payout ratio is currently 633.33%.

Institutional Trading of Douglas Emmett

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in 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 purchasing an additional 1,166 shares in the last quarter. Westside Investment Management Inc. grew its stake in 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 during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Douglas Emmett in the first quarter worth $30,000. Advisory Services Network LLC acquired a new stake in shares of Douglas Emmett in the third quarter worth $32,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Douglas Emmett by 448.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,621 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 2,143 shares during the period. Hedge funds and other 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.