Douglas Emmett (NYSE:DEI) Reaches New 12-Month Low – Time to Sell?

Shares of Douglas Emmett, Inc. (NYSE:DEI) reached a new 52-week low on Wednesday . The stock traded as low as $12.14 and last traded at $12.1150, with a volume of 278294 shares traded. The stock had previously closed at $12.84.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Douglas Emmett from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. Piper Sandler downgraded shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $14.00 in a report on Thursday. Wells Fargo & Company upped their target price on shares of Douglas Emmett from $16.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Wall Street Zen downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Finally, BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the stock a “market perform” rating in a research note on Wednesday, July 16th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.00.

Douglas Emmett Stock Performance

The company has a market cap of $2.08 billion, a P/E ratio of 56.34 and a beta of 1.28. The company’s fifty day moving average is $14.78 and its 200 day moving average is $14.87. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 1.55.

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 (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $250.58 million during the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, equities analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.1%. The ex-dividend date was Tuesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently 633.33%.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new stake in shares of Douglas Emmett in the 1st quarter worth approximately $392,000. Principal Financial Group Inc. lifted its stake in Douglas Emmett by 2.7% in the first quarter. Principal Financial Group Inc. now owns 833,426 shares of the real estate investment trust’s stock worth $13,335,000 after acquiring an additional 21,771 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Douglas Emmett by 48.5% in the first quarter. Envestnet Asset Management Inc. now owns 66,217 shares of the real estate investment trust’s stock valued at $1,059,000 after acquiring an additional 21,616 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Douglas Emmett in the first quarter valued at $2,230,000. Finally, Victory Capital Management Inc. increased its position in Douglas Emmett by 9.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,747,751 shares of the real estate investment trust’s stock valued at $27,964,000 after purchasing an additional 153,842 shares during the period. Hedge funds and other institutional investors 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.