Wells Fargo & Company Cuts Douglas Emmett (NYSE:DEI) Price Target to $15.00

Douglas Emmett (NYSE:DEI) had its target price trimmed by Wells Fargo & Company from $20.00 to $15.00 in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on DEI. Wall Street Zen cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. JPMorgan Chase & Co. reduced their target price on shares of Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday. Cantor Fitzgerald decreased their price target on shares of Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Piper Sandler cut Douglas Emmett from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $14.00 in a report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Douglas Emmett in a research report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.00.

Douglas Emmett Stock Up 0.7%

Shares of DEI stock opened at $12.27 on Tuesday. Douglas Emmett has a 1 year low of $11.43 and a 1 year high of $20.50. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. The business’s fifty day moving average is $13.51 and its 200-day moving average is $14.65. The stock has a market cap of $2.05 billion, a PE ratio of 55.78 and a beta of 1.28.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $250.58 million during the quarter, compared to analysts’ expectations of $252.73 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities analysts expect that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

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

Hedge Funds Weigh In On Douglas Emmett

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DEI. EverSource Wealth Advisors LLC grew 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. boosted its position in shares of Douglas Emmett by 100.0% in 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. purchased a new position in shares of Douglas Emmett during the first quarter valued at $30,000. Advisory Services Network LLC purchased a new position in shares of Douglas Emmett during the third quarter valued at $32,000. Finally, Hantz Financial Services Inc. raised its position in Douglas Emmett by 448.3% during the third quarter. Hantz Financial Services Inc. now owns 2,621 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,143 shares during the period. Institutional investors and hedge funds 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.