Douglas Emmett, Inc. (NYSE:DEI) Receives $13.57 Average Target Price from Analysts

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

Several research analysts have issued reports on DEI shares. Scotiabank dropped their price objective on Douglas Emmett from $13.00 to $12.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. Cantor Fitzgerald upped their target price on shares of Douglas Emmett from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Evercore set a $14.00 target price on shares of Douglas Emmett in a report on Monday, June 8th. Weiss Ratings upgraded shares of Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, September 9th.

Institutional Investors Weigh In On Douglas Emmett

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in Douglas Emmett during the 2nd quarter worth about $2,254,000. BlackRock Inc. acquired a new position in shares of Douglas Emmett during the second quarter worth approximately $287,803,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Douglas Emmett during the second quarter worth approximately $1,650,000. Readystate Asset Management LP bought a new stake in shares of Douglas Emmett during the second quarter valued at approximately $1,161,000. Finally, Quantinno Capital Management LP grew its stake in shares of Douglas Emmett by 52.4% during the first quarter. Quantinno Capital Management LP now owns 377,327 shares of the real estate investment trust’s stock valued at $3,554,000 after purchasing an additional 129,785 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Stock Down 4.5%

Shares of DEI opened at $9.90 on Friday. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -65.99, a P/E/G ratio of 4.06 and a beta of 1.15. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.63. Douglas Emmett has a 12 month low of $9.04 and a 12 month high of $16.12. The company has a 50-day moving average price of $11.53 and a two-hundred day moving average price of $11.21.

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

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.7%. Douglas Emmett’s payout ratio is -506.67%.

Douglas Emmett Company Profile

Douglas Emmett, Inc (NYSE:DEI) is a self-administered and self-managed real estate investment trust that owns, develops, acquires and operates office and multifamily properties. The company focuses primarily on high-quality, strategically located properties in supply-constrained markets.

Its office portfolio is concentrated in Los Angeles, including the Westside and neighboring submarkets, while its multifamily properties are located in Los Angeles and Honolulu. The company’s properties serve a range of businesses and residential tenants, with an emphasis on well-located Class A office buildings and apartment communities.

Douglas Emmett was founded in 1971 and became a publicly traded company in 2006.