Cantor Fitzgerald Has Lowered Expectations for Douglas Emmett (NYSE:DEI) Stock Price

Douglas Emmett (NYSE:DEI) had its price objective decreased by research analysts at Cantor Fitzgerald from $16.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 7.51% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Weiss Ratings raised shares of Douglas Emmett from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 24th. BMO Capital Markets set a $17.00 price objective on shares of Douglas Emmett and gave the company a “market perform” rating in a research note on Wednesday, July 16th. Scotiabank lowered their price objective on shares of Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 28th. Wall Street Zen cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Finally, Piper Sandler cut shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $14.00 in a research note on Thursday. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Douglas Emmett presently has a consensus rating of “Hold” and an average price target of $17.25.

Douglas Emmett Trading Down 1.1%

DEI stock traded down $0.14 during midday trading on Thursday, hitting $12.09. The stock had a trading volume of 743,686 shares, compared to its average volume of 1,882,701. The firm has a market cap of $2.02 billion, a PE ratio of 54.83 and a beta of 1.28. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49. Douglas Emmett has a 12-month low of $12.02 and a 12-month high of $20.50. The company’s 50-day moving average price is $14.94 and its 200 day moving average price is $14.90.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $250.58 million during the quarter, compared to analysts’ expectations of $252.73 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. Douglas Emmett’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, equities research analysts predict that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors have recently added to or reduced their stakes in DEI. Arrowstreet Capital Limited Partnership lifted its holdings in Douglas Emmett by 93.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,311,991 shares of the real estate investment trust’s stock worth $34,772,000 after buying an additional 1,117,668 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Douglas Emmett in the 1st quarter valued at about $16,798,000. Massachusetts Financial Services Co. MA raised its stake in shares of Douglas Emmett by 18.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,684,450 shares of the real estate investment trust’s stock valued at $88,507,000 after purchasing an additional 899,233 shares in the last quarter. Jefferies Financial Group Inc. raised its stake in shares of Douglas Emmett by 4,052.8% in the 1st quarter. Jefferies Financial Group Inc. now owns 682,841 shares of the real estate investment trust’s stock valued at $10,925,000 after purchasing an additional 666,398 shares in the last quarter. Finally, Long Pond Capital LP acquired a new stake in shares of Douglas Emmett in the 1st quarter valued at about $9,431,000. 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.