Douglas Emmett, Inc. (NYSE:DEI) Stock Has Consensus Price Target of $13.14 According to Brokerages

Shares of Douglas Emmett, Inc. (NYSE:DEI) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $13.14.

Several equities research analysts have commented on the company. Weiss Ratings lowered Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Piper Sandler cut their target price on shares of Douglas Emmett from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, October 12th. Cantor Fitzgerald boosted their target price on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Scotiabank dropped their price target on shares of Douglas Emmett from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th.

Douglas Emmett Price Performance

NYSE:DEI opened at $9.78 on Wednesday. Douglas Emmett has a one year low of $9.04 and a one year high of $13.67. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.60 and a current ratio of 2.60. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -65.16 and a beta of 1.18. The firm’s fifty day moving average is $10.72 and its two-hundred day moving average is $11.22.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $253.35 million. During the same period in the prior year, the business posted $0.37 earnings per share. Douglas Emmett’s revenue for the quarter was up 2.0% on a year-over-year basis. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. Research analysts expect that Douglas Emmett will post 1.40 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 7.8%. Douglas Emmett’s dividend payout ratio is presently -506.67%.

Hedge Funds Weigh In On Douglas Emmett

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DEI. BlackRock Inc. acquired a new position in shares of Douglas Emmett during the 2nd quarter worth approximately $287,803,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Douglas Emmett by 42.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,248,144 shares of the real estate investment trust’s stock valued at $30,598,000 after purchasing an additional 962,787 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Douglas Emmett in the second quarter valued at approximately $27,572,000. Hsbc Holdings PLC acquired a new stake in shares of Douglas Emmett in the second quarter valued at approximately $26,308,000. Finally, Bank of New York Mellon Corp purchased a new position in Douglas Emmett during the second quarter worth approximately $18,002,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a real estate investment trust (REIT) that owns, operates and develops office and multifamily properties. The company focuses on high-quality assets in supply-constrained markets and generates revenue primarily through leasing commercial office space and residential apartment homes.

Its portfolio is concentrated in Los Angeles County, including submarkets such as West Los Angeles, Brentwood, Century City, Santa Monica and Beverly Hills, as well as in Honolulu, Hawaii.