Douglas Emmett (NYSE:DEI) Price Target Raised to $19.00 at Piper Sandler

Douglas Emmett (NYSE:DEI) had its target price lifted by Piper Sandler from $18.00 to $19.00 in a report issued on Thursday morning, MarketBeat reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on DEI. Wells Fargo & Company increased their target price on Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the company a “market perform” rating in a research note on Wednesday, July 16th. Wall Street Zen lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Finally, Scotiabank dropped their price target on Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 28th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Douglas Emmett presently has a consensus rating of “Moderate Buy” and an average price target of $18.57.

Douglas Emmett Stock Performance

Shares of NYSE:DEI opened at $16.39 on Thursday. The business’s fifty day moving average price is $15.62 and its two-hundred day moving average price is $15.16. Douglas Emmett has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 74.50 and a beta of 1.32. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The company had revenue of $252.43 million for the quarter, compared to analysts’ expectations of $250.98 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, analysts predict that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently 345.45%.

Hedge Funds Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its stake in shares of Douglas Emmett by 48.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,896 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 3,237 shares during the last quarter. State of Wyoming increased its stake in shares of Douglas Emmett by 61.8% in the 2nd quarter. State of Wyoming now owns 30,172 shares of the real estate investment trust’s stock valued at $454,000 after purchasing an additional 11,520 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Douglas Emmett in the 2nd quarter valued at $172,000. Public Sector Pension Investment Board increased its stake in shares of Douglas Emmett by 7.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 570,894 shares of the real estate investment trust’s stock valued at $8,586,000 after purchasing an additional 39,894 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Douglas Emmett by 108.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,028 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 8,334 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

About Douglas Emmett

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.