Piper Sandler Issues Pessimistic Forecast for Douglas Emmett (NYSE:DEI) Stock Price

Douglas Emmett (NYSE:DEI) had its price target cut by equities research analysts at Piper Sandler from $14.00 to $11.00 in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price target suggests a potential upside of 11.73% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Evercore set a $12.00 price target on shares of Douglas Emmett in a report on Wednesday, February 11th. Weiss Ratings downgraded shares of Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. UBS Group cut shares of Douglas Emmett to a “sector perform” rating in a research report on Wednesday, January 14th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $11.00 price target on shares of Douglas Emmett in a report on Monday, January 5th. Finally, Wells Fargo & Company reduced their price objective 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. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Douglas Emmett has a consensus rating of “Hold” and a consensus target price of $13.78.

Douglas Emmett Stock Performance

Shares of NYSE DEI opened at $9.85 on Tuesday. The company has a quick ratio of 3.03, a current ratio of 3.33 and a debt-to-equity ratio of 1.60. The firm’s 50-day moving average price is $10.87 and its two-hundred day moving average price is $12.99. Douglas Emmett has a 52-week low of $9.53 and a 52-week high of $17.47. The stock has a market capitalization of $1.65 billion, a P/E ratio of 109.40 and a beta of 1.14.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. Douglas Emmett had a return on equity of 0.46% and a net margin of 1.62%.The business had revenue of $249.43 million for the quarter, compared to analysts’ expectations of $252.91 million. During the same period in the prior year, the firm earned $0.38 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Douglas Emmett has set its FY 2026 guidance at 1.390-1.450 EPS. As a group, sell-side analysts forecast that Douglas Emmett will post 1.45 earnings per share for the current year.

Institutional Trading of Douglas Emmett

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its holdings in Douglas Emmett by 1.0% during the second quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust’s stock worth $148,593,000 after acquiring an additional 100,396 shares during the period. Wellington Management Group LLP boosted its position in shares of Douglas Emmett by 2.5% during the 4th quarter. Wellington Management Group LLP now owns 7,142,978 shares of the real estate investment trust’s stock valued at $78,501,000 after purchasing an additional 171,208 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Douglas Emmett by 18.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,684,450 shares of the real estate investment trust’s stock worth $88,507,000 after purchasing an additional 899,233 shares during the last quarter. Millennium Management LLC raised 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 purchasing an additional 4,860,682 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Douglas Emmett by 10.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,310,925 shares of the real estate investment trust’s stock valued at $58,367,000 after purchasing an additional 506,108 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

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.