Douglas Emmett, Inc. (NYSE:DEI) Given Average Rating of “Hold” by Analysts

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $15.00.

DEI has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Douglas Emmett in a report on Tuesday, November 11th. JPMorgan Chase & Co. dropped their price target on Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. Cantor Fitzgerald restated a “neutral” rating and issued a $11.00 price objective on shares of Douglas Emmett in a research note on Monday, January 5th. Wells Fargo & Company decreased their target price on Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Finally, Scotiabank lowered their target price on Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating on the stock in a research note on Monday, November 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in shares of Douglas Emmett by 1.0% during the 2nd quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust’s stock worth $148,593,000 after purchasing an additional 100,396 shares during the last quarter. Wellington Management Group LLP lifted its stake in Douglas Emmett by 3.8% in the third quarter. Wellington Management Group LLP now owns 6,971,770 shares of the real estate investment trust’s stock valued at $108,550,000 after purchasing an additional 256,191 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 period. Geode Capital Management LLC grew its holdings in Douglas Emmett by 1.1% during the second quarter. Geode Capital Management LLC now owns 4,362,611 shares of the real estate investment trust’s stock valued at $65,620,000 after purchasing an additional 46,651 shares during the period. Finally, Alyeska Investment Group L.P. increased its position in Douglas Emmett by 142.7% in 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 buying an additional 1,496,132 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Stock Down 0.5%

DEI opened at $11.09 on Monday. 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 company’s 50-day moving average is $11.68 and its 200 day moving average is $13.96. Douglas Emmett has a fifty-two week low of $10.78 and a fifty-two week high of $18.60. The firm has a market capitalization of $1.86 billion, a P/E ratio of 92.43 and a beta of 1.14.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data 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. The business had revenue of $250.58 million during the quarter, compared to the consensus estimate of $252.73 million. Douglas Emmett had a net margin of 2.22% and a return on equity of 0.62%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Research analysts expect that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.76 annualized dividend and a yield of 6.9%. Douglas Emmett’s payout ratio is currently 633.33%.

Douglas Emmett Company Profile

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.