Douglas Emmett (NYSE:DEI) Given New $16.00 Price Target at Scotiabank

Douglas Emmett (NYSE:DEI) had its target price reduced by Scotiabank from $18.00 to $16.00 in a research report released on Monday morning, MarketBeat reports. They currently have a sector outperform rating on the real estate investment trust’s stock.

Several other research firms also recently commented on DEI. Jefferies Financial Group reaffirmed a “hold” rating on shares of Douglas Emmett in a research report on Tuesday, November 11th. Piper Sandler downgraded Douglas Emmett from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $14.00 in a research note on Thursday, November 6th. Cantor Fitzgerald decreased their price objective on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Wall Street Zen cut Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Finally, Weiss Ratings raised Douglas Emmett from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus target price of $16.71.

Douglas Emmett Price Performance

Shares of DEI opened at $11.53 on Monday. The company’s 50-day moving average is $14.24 and its 200-day moving average is $14.80. 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 firm has a market capitalization of $1.93 billion, a PE ratio of 52.39 and a beta of 1.28. Douglas Emmett has a fifty-two week low of $11.45 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $250.58 million for the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. Douglas Emmett’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities analysts forecast that Douglas Emmett will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Tuesday, September 30th. Douglas Emmett’s dividend payout ratio is 633.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DEI. EverSource Wealth Advisors LLC grew its stake in Douglas Emmett by 220.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,166 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Douglas Emmett by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,840 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 920 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Douglas Emmett during the 1st quarter worth approximately $30,000. Hantz Financial Services Inc. boosted its position in shares of Douglas Emmett by 448.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,621 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,143 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Douglas Emmett by 9,036.1% during 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 in the last quarter. Institutional investors and hedge funds 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.