Douglas Emmett (NYSE:DEI) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Douglas Emmett (NYSE:DEI) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

DEI has been the topic of several other research reports. Wells Fargo & Company lifted their price objective on Douglas Emmett from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Citigroup raised their target price on Douglas Emmett from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. 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 research note on Tuesday, July 21st. Cantor Fitzgerald upped their price target on Douglas Emmett from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.71.

Douglas Emmett Stock Performance

Shares of DEI opened at $11.67 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.60 and a quick ratio of 2.63. Douglas Emmett has a 1 year low of $9.04 and a 1 year high of $16.99. The stock’s fifty day moving average price is $12.03 and its two-hundred day moving average price is $11.03. The firm has a market cap of $1.96 billion, a PE ratio of -77.81, a PEG ratio of 5.23 and a beta of 1.15.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $256.55 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. On average, equities research analysts forecast that Douglas Emmett will post 1.41 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.5%. The ex-dividend date was Tuesday, June 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently -506.67%.

Hedge Funds Weigh In On Douglas Emmett

Institutional investors have recently modified their holdings of the stock. Quantinno Capital Management LP raised its position 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 worth $3,554,000 after purchasing an additional 129,785 shares during the period. Centersquare Investment Management LLC lifted its holdings in shares of Douglas Emmett by 54.7% during the 4th quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust’s stock valued at $27,909,000 after purchasing an additional 897,630 shares in the last quarter. Legal & General Group Plc grew its position in shares of Douglas Emmett by 18.9% in the 4th quarter. Legal & General Group Plc now owns 2,494,659 shares of the real estate investment trust’s stock valued at $27,416,000 after purchasing an additional 396,487 shares during the period. Hsbc Holdings PLC grew its position in shares of Douglas Emmett by 19.1% in the 1st quarter. Hsbc Holdings PLC now owns 2,126,023 shares of the real estate investment trust’s stock valued at $20,100,000 after purchasing an additional 341,527 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Douglas Emmett by 164.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 248,860 shares of the real estate investment trust’s stock worth $2,344,000 after purchasing an additional 154,801 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

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.