Douglas Emmett, Inc. (NYSE:DEI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been given an average rating of “Hold” by the ten ratings firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $16.00.

Several analysts have recently weighed in on the stock. Scotiabank decreased their price target on shares of Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating for the company in a research note on Monday, November 17th. JPMorgan Chase & Co. decreased their target price on Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Wall Street Zen cut Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Piper Sandler downgraded Douglas Emmett from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $14.00 in a research report on Thursday, November 6th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Douglas Emmett in a research note on Tuesday, November 11th.

Douglas Emmett Stock Performance

Shares of NYSE:DEI opened at $11.32 on Thursday. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.58. Douglas Emmett has a 12 month low of $11.29 and a 12 month high of $20.49. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 94.37 and a beta of 1.12. The firm’s 50-day moving average is $12.45 and its 200 day moving average is $14.39.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $250.58 million during the quarter, compared to analysts’ expectations of $252.73 million. Douglas Emmett had a return on equity of 0.62% and a net margin of 2.22%.Douglas Emmett’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Research analysts predict that Douglas Emmett will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Douglas Emmett’s dividend payout ratio is presently 633.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 valued at $25,000 after buying an additional 1,166 shares in the last quarter. Westside Investment Management Inc. lifted its position in Douglas Emmett by 100.0% during the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 920 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Douglas Emmett in the first quarter valued at approximately $30,000. Advisory Services Network LLC purchased a new position in Douglas Emmett in the third quarter worth $32,000. Finally, Hantz Financial Services Inc. grew its holdings in Douglas Emmett by 448.3% in the third quarter. Hantz Financial Services Inc. now owns 2,621 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,143 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

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.