Douglas Emmett (NYSE:DEI) Price Target Raised to $16.00

Douglas Emmett (NYSE:DEI) had its target price raised by JPMorgan Chase & Co. from $15.00 to $16.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other analysts also recently weighed in on the stock. Piper Sandler upped their target price on shares of Douglas Emmett from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Scotiabank boosted their price objective on shares of Douglas Emmett from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Wells Fargo & Company upped their price objective on shares of Douglas Emmett from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Evercore set a $14.00 target price on shares of Douglas Emmett in a research note on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.71.

Douglas Emmett Stock Performance

NYSE:DEI opened at $10.74 on Wednesday. The business’s 50-day moving average price is $11.83 and its two-hundred day moving average price is $11.20. Douglas Emmett has a twelve month low of $9.04 and a twelve month high of $16.87. The stock has a market cap of $1.80 billion, a P/E ratio of -71.63, a PEG ratio of 4.79 and a beta of 1.15. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.63.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share 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 firm had revenue of $256.55 million during the quarter, compared to the consensus estimate of $253.35 million. During the same quarter in the previous year, the firm earned $0.37 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. As a group, equities analysts predict that Douglas Emmett will post 1.41 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Wednesday, September 30th. Douglas Emmett’s dividend payout ratio is -506.67%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Douglas Emmett during the 2nd quarter worth approximately $2,254,000. Quantinno Capital Management LP lifted its holdings in shares of Douglas Emmett by 52.4% in the 1st quarter. Quantinno Capital Management LP now owns 377,327 shares of the real estate investment trust’s stock worth $3,554,000 after acquiring an additional 129,785 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Douglas Emmett in the second quarter worth about $1,650,000. BlackRock Inc. purchased a new position in Douglas Emmett during the 2nd quarter valued at $287,803,000. Finally, Centersquare Investment Management LLC boosted its stake in shares of Douglas Emmett by 54.7% during the fourth quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust’s stock valued at $27,909,000 after purchasing an additional 897,630 shares during the period. Hedge funds and other institutional investors 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.