Douglas Emmett (NYSE:DEI) Given New $10.00 Price Target at Citigroup

Douglas Emmett (NYSE:DEI) had its price objective cut by Citigroup from $12.00 to $10.00 in a research note released on Wednesday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other research firms also recently issued reports on DEI. UBS Group downgraded shares of Douglas Emmett to a “sector perform” rating in a report on Wednesday, January 14th. Cantor Fitzgerald reissued a “neutral” rating and set a $11.00 price target on shares of Douglas Emmett in a research report on Monday, January 5th. Piper Sandler reduced their price objective on shares of Douglas Emmett from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. decreased 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. Finally, Jefferies Financial Group restated a “hold” rating on shares of Douglas Emmett in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Douglas Emmett currently has a consensus rating of “Hold” and an average price target of $13.78.

Douglas Emmett Trading Down 1.3%

NYSE:DEI opened at $9.85 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.33 and a quick ratio of 3.03. Douglas Emmett has a one year low of $9.53 and a one year high of $17.47. The company has a market cap of $1.65 billion, a PE ratio of 109.40 and a beta of 1.14. The firm has a 50-day moving average of $10.87 and a 200-day moving average of $12.99.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $249.43 million during the quarter, compared to the consensus estimate of $252.91 million. Douglas Emmett had a return on equity of 0.46% and a net margin of 1.62%.The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.450 EPS. As a group, equities research analysts expect that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.19 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.76 annualized dividend and a yield of 7.7%. Douglas Emmett’s dividend payout ratio is presently 844.44%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in Douglas Emmett by 6.7% during the second quarter. Cetera Investment Advisers now owns 12,220 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 766 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Douglas Emmett by 2.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 33,786 shares of the real estate investment trust’s stock valued at $526,000 after purchasing an additional 815 shares during the period. California State Teachers Retirement System lifted its stake in shares of Douglas Emmett by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 154,385 shares of the real estate investment trust’s stock valued at $2,322,000 after buying an additional 819 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Douglas Emmett by 6.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 13,931 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 844 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Douglas Emmett by 1.8% in the 3rd quarter. Amalgamated Bank now owns 48,465 shares of the real estate investment trust’s stock worth $755,000 after buying an additional 874 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

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.