Douglas Emmett (NYSE:DEI) Stock Rating Lowered by Wall Street Zen

Douglas Emmett (NYSE:DEI) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other equities analysts have also issued reports about the stock. Scotiabank reduced their target price on shares of Douglas Emmett from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a research report on Monday, July 14th. Piper Sandler reduced their target price on shares of Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the stock a “market perform” rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company reduced their target price on shares of Douglas Emmett from $20.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.78.

Douglas Emmett Stock Performance

Douglas Emmett stock opened at $14.40 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.89. Douglas Emmett has a 1-year low of $12.39 and a 1-year high of $20.50. The firm has a market capitalization of $2.41 billion, a P/E ratio of 65.43 and a beta of 1.26. The company’s 50-day moving average is $15.19 and its 200 day moving average is $15.45.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $252.43 million for the quarter, compared to analyst estimates of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. Research analysts forecast that Douglas Emmett will post 1.45 EPS for the current year.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Douglas Emmett by 2.7% in the first quarter. Principal Financial Group Inc. now owns 833,426 shares of the real estate investment trust’s stock valued at $13,335,000 after acquiring an additional 21,771 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Douglas Emmett by 42.5% during the fourth quarter. Bank of America Corp DE now owns 609,662 shares of the real estate investment trust’s stock worth $11,315,000 after buying an additional 181,909 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Douglas Emmett during the first quarter worth $392,000. KBC Group NV lifted its stake in shares of Douglas Emmett by 39.6% during the first quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 2,743 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Douglas Emmett during the first quarter worth $1,219,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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.