Cantor Fitzgerald Initiates Coverage on Douglas Emmett (NYSE:DEI)

Equities research analysts at Cantor Fitzgerald initiated coverage on shares of Douglas Emmett (NYSE:DEI) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $16.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 2.36% from the company’s previous close.

Several other brokerages also recently weighed in on DEI. Piper Sandler raised their price target on Douglas Emmett from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Wells Fargo & Company boosted their target price on shares of Douglas Emmett from $16.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the stock a “market perform” rating in a research note on Wednesday, July 16th. Wall Street Zen downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Finally, Scotiabank reduced their price target on shares of Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating for the company in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.25.

Douglas Emmett Stock Down 1.0%

NYSE:DEI opened at $15.63 on Wednesday. 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 has a 1-year low of $12.39 and a 1-year high of $20.50. The company has a 50-day moving average of $15.62 and a 200 day moving average of $15.12. The firm has a market cap of $2.62 billion, a PE ratio of 71.05 and a beta of 1.30.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DEI. Principal Financial Group Inc. grew its stake in Douglas Emmett by 2.7% in the 1st 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 during the period. Teacher Retirement System of Texas purchased a new position in Douglas Emmett during the first quarter valued at $392,000. KBC Group NV lifted its holdings in 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 valued at $155,000 after purchasing an additional 2,743 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Douglas Emmett in the first quarter valued at about $1,219,000. Finally, Jupiter Asset Management Ltd. increased its stake in shares of Douglas Emmett by 363.9% during the first quarter. Jupiter Asset Management Ltd. now owns 217,919 shares of the real estate investment trust’s stock worth $3,487,000 after purchasing an additional 170,944 shares in 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.