Douglas Emmett (NYSE:DEI) Reaches New 52-Week Low – Should You Sell?

Douglas Emmett, Inc. (NYSE:DEI)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $10.86 and last traded at $10.8780, with a volume of 19385 shares. The stock had previously closed at $10.99.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DEI shares. Piper Sandler cut shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $19.00 to $14.00 in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Douglas Emmett in a research report on Monday, December 29th. JPMorgan Chase & Co. dropped their price objective on shares of Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Wells Fargo & Company decreased their target price on shares of Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Douglas Emmett in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and an average target price of $15.29.

Douglas Emmett Trading Up 0.7%

The company has a 50 day moving average of $11.85 and a 200-day moving average of $14.09. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 92.22 and a beta of 1.14. The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.03 and a current ratio of 3.03.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Douglas Emmett had a net margin of 2.22% and a return on equity of 0.62%. The company had revenue of $250.58 million for the quarter, compared to analyst estimates of $252.73 million. During the same period in the prior year, the business earned $0.43 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.9%. Douglas Emmett’s dividend payout ratio is currently 633.33%.

Institutional Investors Weigh In On Douglas Emmett

Several institutional investors have recently modified their holdings of DEI. State Street Corp lifted its holdings in Douglas Emmett by 1.0% during the 2nd quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust’s stock worth $148,593,000 after buying an additional 100,396 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Douglas Emmett by 3.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,971,770 shares of the real estate investment trust’s stock worth $108,550,000 after acquiring an additional 256,191 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Douglas Emmett by 18.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,684,450 shares of the real estate investment trust’s stock worth $88,507,000 after purchasing an additional 899,233 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Douglas Emmett by 1.1% in the second quarter. Geode Capital Management LLC now owns 4,362,611 shares of the real estate investment trust’s stock valued at $65,620,000 after purchasing an additional 46,651 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in Douglas Emmett by 142.7% in the third quarter. Alyeska Investment Group L.P. now owns 2,544,575 shares of the real estate investment trust’s stock valued at $39,619,000 after purchasing an additional 1,496,132 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

About Douglas Emmett

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.