Scotiabank Cuts Douglas Emmett (NYSE:DEI) Price Target to $12.00

Douglas Emmett (NYSE:DEI) had its price target trimmed by Scotiabank from $13.00 to $12.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

DEI has been the subject of several other reports. Wall Street Zen upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. 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. Wells Fargo & Company lifted their price objective on Douglas Emmett from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Evercore set a $14.00 price objective on Douglas Emmett in a research note on Monday, June 8th. Finally, Piper Sandler upped their target price on Douglas Emmett from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. One analyst has 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.57.

Douglas Emmett Trading Down 0.3%

DEI opened at $10.26 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.60 and a quick ratio of 2.60. Douglas Emmett has a fifty-two week low of $9.04 and a fifty-two week high of $16.47. The company’s 50 day moving average price is $11.66 and its two-hundred day moving average price is $11.20. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -68.36, a PEG ratio of 4.02 and a beta of 1.15.

Douglas Emmett (NYSE:DEI) last issued 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). The business had revenue of $256.55 million for the quarter, compared to analyst estimates of $253.35 million. Douglas Emmett had a negative return on equity of 0.66% and a negative net margin of 2.27%.Douglas Emmett’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. As a group, research analysts predict 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 will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is -506.67%.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in Douglas Emmett in the 2nd quarter valued at $2,254,000. BlackRock Inc. bought a new position in shares of Douglas Emmett in the second quarter valued at $287,803,000. Quantinno Capital Management LP lifted its stake in shares of Douglas Emmett by 52.4% in the first quarter. Quantinno Capital Management LP now owns 377,327 shares of the real estate investment trust’s stock valued at $3,554,000 after buying an additional 129,785 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Douglas Emmett during the second quarter valued at about $1,650,000. Finally, Readystate Asset Management LP bought a new stake in shares of Douglas Emmett during the second quarter worth about $1,161,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Company Profile

Douglas Emmett, Inc (NYSE:DEI) is a self-administered and self-managed real estate investment trust that owns, develops, acquires and operates office and multifamily properties. The company focuses primarily on high-quality, strategically located properties in supply-constrained markets.

Its office portfolio is concentrated in Los Angeles, including the Westside and neighboring submarkets, while its multifamily properties are located in Los Angeles and Honolulu. The company’s properties serve a range of businesses and residential tenants, with an emphasis on well-located Class A office buildings and apartment communities.

Douglas Emmett was founded in 1971 and became a publicly traded company in 2006.