Douglas Emmett, Inc. (NYSE:DEI) Receives Consensus Recommendation of “Hold” from Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has received an average recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.00.

A number of equities research analysts recently commented on DEI shares. JPMorgan Chase & Co. dropped their target price on Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 25th. Wall Street Zen cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Piper Sandler lowered shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $14.00 in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Douglas Emmett in a report on Monday. Finally, Wells Fargo & Company decreased their target price on shares of Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th.

Douglas Emmett Stock Down 1.7%

DEI stock opened at $11.32 on Thursday. The stock has a market capitalization of $1.90 billion, a PE ratio of 94.37 and a beta of 1.12. Douglas Emmett has a 52 week low of $11.29 and a 52 week high of $20.49. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.58. The firm has a 50 day moving average of $12.45 and a 200 day moving average of $14.39.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Douglas Emmett had a net margin of 2.22% and a return on equity of 0.62%. The business had revenue of $250.58 million during the quarter, compared to analysts’ expectations of $252.73 million. During the same quarter last year, the company posted $0.43 earnings per share. The business’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 forecast that Douglas Emmett will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Wednesday, December 31st. Douglas Emmett’s payout ratio is currently 633.33%.

Institutional Trading of Douglas Emmett

Institutional investors and hedge funds have recently made changes to their positions in the business. Swiss Life Asset Management Ltd grew its stake in Douglas Emmett by 7.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 58,404 shares of the real estate investment trust’s stock valued at $909,000 after acquiring an additional 3,953 shares during the period. Cambria Investment Management L.P. raised its position in Douglas Emmett by 15.6% during the third quarter. Cambria Investment Management L.P. now owns 39,799 shares of the real estate investment trust’s stock worth $620,000 after acquiring an additional 5,375 shares during the period. CIBC Bancorp USA Inc. purchased a new position in Douglas Emmett during the third quarter valued at $269,000. Sunbelt Securities Inc. grew its position in shares of Douglas Emmett by 67.2% in the third quarter. Sunbelt Securities Inc. now owns 12,204 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 4,904 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Douglas Emmett in the third quarter valued at about $32,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

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.