Douglas Emmett (NYSE:DEI) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Douglas Emmett (NYSE:DEI) to a hold rating in a report issued on Monday,Zacks.com reports.

Several other research firms have also recently commented on DEI. Piper Sandler lifted their price target on Douglas Emmett from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Wall Street Zen cut Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Cantor Fitzgerald assumed coverage on Douglas Emmett in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $16.00 price objective on the stock. Weiss Ratings lowered Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, BMO Capital Markets set a $17.00 price objective on Douglas Emmett and gave the company a “market perform” rating in a research note on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.25.

Douglas Emmett Stock Down 0.1%

DEI opened at $13.68 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 62.20 and a beta of 1.30. The business has a 50-day moving average of $15.48 and a two-hundred day moving average of $15.01. Douglas Emmett has a 12 month low of $12.39 and a 12 month high of $20.50.

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. The company had revenue of $252.43 million during the quarter, compared to analysts’ expectations of $250.98 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, research analysts expect that Douglas Emmett will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Tuesday, September 30th. Douglas Emmett’s dividend payout ratio is currently 345.45%.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors and hedge funds have recently bought and sold shares of DEI. EverSource Wealth Advisors LLC boosted its holdings in Douglas Emmett by 220.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,166 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Douglas Emmett in the 1st quarter worth approximately $30,000. Brooklyn Investment Group boosted its holdings in Douglas Emmett by 9,036.1% in the 1st quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 3,253 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Douglas Emmett in the 1st quarter worth approximately $76,000. Finally, Wolverine Asset Management LLC purchased a new position in Douglas Emmett in the 1st quarter worth approximately $88,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

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.