Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) PT at $13.57

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $13.5714.

A number of research analysts have recently commented on DEI shares. Wall Street Zen downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Wells Fargo & Company increased their price target on shares of Douglas Emmett from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Weiss Ratings raised shares of Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Piper Sandler boosted their price objective on shares of Douglas Emmett from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Finally, Scotiabank upped their target price on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st.

Douglas Emmett Trading Down 2.8%

Shares of NYSE:DEI opened at $11.47 on Friday. The company has a market cap of $1.92 billion, a PE ratio of -76.46, a P/E/G ratio of 6.14 and a beta of 1.15. The company’s 50 day moving average is $12.05 and its two-hundred day moving average is $11.00. Douglas Emmett has a 52 week low of $9.04 and a 52 week high of $16.99. The company has a current ratio of 2.60, a quick ratio of 2.63 and a debt-to-equity ratio of 1.63.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.38). Douglas Emmett had a negative return on equity of 0.66% and a negative net margin of 2.27%.The firm had revenue of $256.55 million for the quarter, compared to analyst estimates of $253.35 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. Equities analysts predict that Douglas Emmett will post 1.41 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 6.6%. Douglas Emmett’s payout ratio is -447.06%.

Hedge Funds Weigh In On Douglas Emmett

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake 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 buying an additional 1,166 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Douglas Emmett in the third quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Douglas Emmett by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,894 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,226 shares during the period. Hantz Financial Services Inc. grew its position in shares of Douglas Emmett by 98.7% during the fourth quarter. Hantz Financial Services Inc. now owns 5,209 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 2,588 shares during the last quarter. Finally, Frazier Financial Advisors LLC grew its position in shares of Douglas Emmett by 47.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 5,456 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 1,745 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

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.