Douglas Emmett (NYSE:DEI) Price Target Raised to $13.00 at Cantor Fitzgerald

Douglas Emmett (NYSE:DEI) had its price target upped by Cantor Fitzgerald from $12.00 to $13.00 in a research note released on Friday, MarketBeat Ratings reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other brokerages have also issued reports on DEI. Evercore set a $14.00 target price on shares of Douglas Emmett in a research report on Monday, June 8th. Scotiabank upped their target price on Douglas Emmett from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 23rd. Citigroup upped their price objective on shares of Douglas Emmett from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Piper Sandler raised their price objective on shares of Douglas Emmett from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Douglas Emmett has a consensus rating of “Hold” and a consensus price target of $13.71.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $11.69 on Friday. The firm’s 50 day moving average is $12.05 and its 200 day moving average is $11.01. The stock has a market capitalization of $1.96 billion, a P/E ratio of -77.89, a PEG ratio of 5.99 and a beta of 1.15. Douglas Emmett has a 12 month low of $9.04 and a 12 month high of $16.99. The company has a current ratio of 2.60, a quick ratio of 2.63 and a debt-to-equity ratio of 1.63.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.38). Douglas Emmett had a negative return on equity of 0.66% and a negative net margin of 2.27%.The company had revenue of $256.55 million during the quarter, compared to the consensus estimate of $253.35 million. During the same period in the previous year, the business earned $0.37 earnings per share. Douglas Emmett’s revenue was up 2.0% on a year-over-year basis. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. On average, sell-side analysts anticipate that Douglas Emmett will post 1.41 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.5%. Douglas Emmett’s dividend payout ratio is -506.67%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in shares of Douglas Emmett by 220.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,166 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Douglas Emmett during the 3rd quarter worth about $32,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Douglas Emmett by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,894 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,226 shares during the last quarter. Hantz Financial Services Inc. grew its position in Douglas Emmett by 98.7% in the 4th quarter. Hantz Financial Services Inc. now owns 5,209 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 2,588 shares during the last quarter. Finally, Frazier Financial Advisors LLC increased its stake in Douglas Emmett by 47.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 5,456 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,745 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

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.