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

Shares of Douglas Emmett, Inc. (NYSE:DEI) have received an average recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.00.

Several research analysts have issued reports on DEI shares. Piper Sandler lowered Douglas Emmett from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $19.00 to $14.00 in a report on Thursday, November 6th. Scotiabank lowered their target price on Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating on the stock in a research report on Monday, November 17th. JPMorgan Chase & Co. cut their target price on Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. Cantor Fitzgerald reissued a “neutral” rating and issued a $11.00 price target on shares of Douglas Emmett in a research report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Douglas Emmett in a research note on Monday, December 29th.

Douglas Emmett Stock Down 0.5%

Douglas Emmett stock opened at $11.09 on Monday. The company has a market capitalization of $1.86 billion, a PE ratio of 92.43 and a beta of 1.14. Douglas Emmett has a 12-month low of $10.78 and a 12-month high of $18.60. The firm’s fifty day moving average is $11.68 and its 200 day moving average is $13.96. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.58.

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

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 6.9%. Douglas Emmett’s payout ratio is presently 633.33%.

Hedge Funds Weigh In On Douglas Emmett

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Douglas Emmett by 220.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,166 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of 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 buying an additional 920 shares during the last quarter. Advisory Services Network LLC bought a new stake in Douglas Emmett during the third quarter worth $32,000. Hantz Financial Services Inc. raised its position in Douglas Emmett by 448.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,621 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,143 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Douglas Emmett by 24.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 5,320 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 1,056 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Company Profile

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.