Douglas Emmett, Inc. (NYSE:DEI) Given Average Rating of “Hold” by Brokerages

Shares of Douglas Emmett, Inc. (NYSE:DEI) have earned a consensus rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $18.25.

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of Douglas Emmett in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $16.00 target price on the stock. BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the company a “market perform” rating in a research note on Wednesday, July 16th. Scotiabank cut their target price on shares of Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 28th. Weiss Ratings raised shares of Douglas Emmett from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 24th. Finally, Wall Street Zen downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th.

Institutional Investors Weigh In On Douglas Emmett

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC lifted its holdings in Douglas Emmett by 47.1% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 31,453 shares of the real estate investment trust’s stock worth $490,000 after buying an additional 10,068 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Douglas Emmett by 4.5% during the third quarter. New York State Teachers Retirement System now owns 114,855 shares of the real estate investment trust’s stock worth $1,788,000 after acquiring an additional 4,989 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Douglas Emmett by 322.6% during the third quarter. SG Americas Securities LLC now owns 32,352 shares of the real estate investment trust’s stock worth $504,000 after acquiring an additional 24,696 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Douglas Emmett by 1.9% during the third quarter. Asset Management One Co. Ltd. now owns 240,059 shares of the real estate investment trust’s stock worth $3,738,000 after acquiring an additional 4,576 shares during the last quarter. Finally, Sowell Financial Services LLC increased its position in shares of Douglas Emmett by 2.2% during the third quarter. Sowell Financial Services LLC now owns 139,373 shares of the real estate investment trust’s stock worth $2,170,000 after acquiring an additional 3,025 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Down 0.9%

Shares of DEI opened at $13.20 on Wednesday. The firm has a market cap of $2.21 billion, a PE ratio of 60.00 and a beta of 1.30. The company’s fifty day moving average is $15.26 and its two-hundred day moving average is $14.95. Douglas Emmett has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. The company 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%. Douglas Emmett’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Analysts forecast that Douglas Emmett will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is currently 345.45%.

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.