Brokerages Set Douglas Emmett, Inc. (NYSE:DEI) Target Price at $13.50

Shares of Douglas Emmett, Inc. (NYSE:DEI) have been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $13.50.

Several brokerages have commented on DEI. Piper Sandler decreased their target price on shares of Douglas Emmett from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. Evercore set a $14.00 target price on shares of Douglas Emmett in a research report on Monday, June 8th. Wells Fargo & Company boosted their target price on shares of Douglas Emmett from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Cantor Fitzgerald boosted their target price on shares of Douglas Emmett from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Citigroup boosted their target price on shares of Douglas Emmett from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th.

Douglas Emmett Stock Performance

NYSE:DEI opened at $12.20 on Thursday. The firm’s fifty day moving average price is $11.20 and its 200 day moving average price is $10.84. Douglas Emmett has a 1-year low of $9.04 and a 1-year high of $16.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.63 and a quick ratio of 2.63. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -71.78, a price-to-earnings-growth ratio of 6.40 and a beta of 1.16.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Douglas Emmett had a negative net margin of 2.59% and a negative return on equity of 0.74%. The firm had revenue of $250.96 million for the quarter, compared to analyst estimates of $251.11 million. During the same period last year, the firm posted $0.40 EPS. Douglas Emmett’s quarterly revenue was down .4% on a year-over-year basis. Douglas Emmett has set its FY 2026 guidance at 1.390-1.45 EPS. On average, sell-side analysts expect that Douglas Emmett will post 1.41 EPS for the current year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, June 30th. Douglas Emmett’s payout ratio is presently -447.06%.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC raised its stake in shares of Douglas Emmett by 650.5% during the 4th quarter. Millennium Management LLC now owns 5,607,861 shares of the real estate investment trust’s stock worth $61,630,000 after buying an additional 4,860,682 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Douglas Emmett by 142.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,544,575 shares of the real estate investment trust’s stock worth $39,619,000 after buying an additional 1,496,132 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Douglas Emmett by 42.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,248,144 shares of the real estate investment trust’s stock worth $30,598,000 after buying an additional 962,787 shares during the last quarter. Centersquare Investment Management LLC raised its stake in shares of Douglas Emmett by 54.7% during the 4th quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust’s stock worth $27,909,000 after buying an additional 897,630 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Douglas Emmett by 1,195.2% during the 4th quarter. Marshall Wace LLP now owns 933,067 shares of the real estate investment trust’s stock worth $10,254,000 after buying an additional 861,024 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

About Douglas Emmett

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.