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

Douglas Emmett (NYSE:DEI) had its target price cut by Piper Sandler from $14.00 to $11.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price objective suggests a potential upside of 11.72% from the company’s previous close.

A number of other brokerages also recently commented on DEI. Cantor Fitzgerald boosted their price objective on shares of Douglas Emmett from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. increased their target price on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, September 9th. Wall Street Zen raised Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Scotiabank cut their price target on Douglas Emmett from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Finally, Weiss Ratings lowered Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.14.

Douglas Emmett Price Performance

DEI opened at $9.85 on Monday. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 6.90 and a beta of 1.18. The company has a current ratio of 2.60, a quick 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 $13.98. The business’s fifty day simple moving average is $10.85 and its 200-day simple moving average is $11.22.

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). Douglas Emmett had a negative net margin of 2.27% and a negative return on equity of 0.66%. The firm had revenue of $256.55 million during the quarter, compared to the consensus estimate of $253.35 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The business’s revenue 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 anticipate that Douglas Emmett will post 1.40 earnings per share for the current fiscal year.

Institutional Trading of Douglas Emmett

Institutional investors have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC purchased a new position in shares of Douglas Emmett in the second quarter worth about $38,000. Farther Finance Advisors LLC boosted its position in Douglas Emmett by 164.8% in the third quarter. Farther Finance Advisors LLC now owns 4,256 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,649 shares during the last quarter. Nykredit A S purchased a new stake in Douglas Emmett in the second quarter valued at approximately $42,000. Frazier Financial Advisors LLC purchased a new stake in Douglas Emmett in the second quarter valued at approximately $64,000. Finally, Allworth Financial LP acquired a new position in Douglas Emmett in the 2nd quarter worth approximately $68,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a real estate investment trust (REIT) that owns, operates and develops office and multifamily properties. The company focuses on high-quality assets in supply-constrained markets and generates revenue primarily through leasing commercial office space and residential apartment homes.

Its portfolio is concentrated in Los Angeles County, including submarkets such as West Los Angeles, Brentwood, Century City, Santa Monica and Beverly Hills, as well as in Honolulu, Hawaii.