Douglas Emmett (NYSE:DEI) Given New $14.00 Price Target at Wells Fargo & Company

Douglas Emmett (NYSE:DEI) had its target price upped by investment analysts at Wells Fargo & Company from $13.00 to $14.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 18.90% from the company’s previous close.

A number of other analysts also recently issued reports on DEI. Weiss Ratings cut Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Evercore set a $12.00 price target on Douglas Emmett in a report on Wednesday, February 11th. Cantor Fitzgerald increased their price target on shares of Douglas Emmett from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Citigroup raised 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 reduced their price objective on shares of Douglas Emmett from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and an average price target of $13.25.

Douglas Emmett Stock Up 1.2%

Shares of NYSE:DEI traded up $0.14 during trading hours on Monday, reaching $11.78. The stock had a trading volume of 733,427 shares, compared to its average volume of 2,673,152. Douglas Emmett has a 1 year low of $9.04 and a 1 year high of $16.99. The firm’s 50 day moving average is $10.59 and its 200-day moving average is $10.82. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.63 and a current ratio of 2.63. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -69.26, a P/E/G ratio of 6.07 and a beta of 1.14.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $250.96 million during the quarter, compared to analysts’ expectations of $251.11 million. Douglas Emmett had a negative net margin of 2.59% and a negative return on equity of 0.74%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.45 EPS. Research analysts predict that Douglas Emmett will post 1.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Douglas Emmett

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bayhunt Capital LLC acquired a new stake in shares of Douglas Emmett in the 4th quarter worth $4,012,000. JPMorgan Chase & Co. raised its holdings in Douglas Emmett by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 1,718,393 shares of the real estate investment trust’s stock worth $26,755,000 after purchasing an additional 135,622 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Douglas Emmett by 19.5% during the third quarter. Victory Capital Management Inc. now owns 2,295,210 shares of the real estate investment trust’s stock worth $35,736,000 after purchasing an additional 374,928 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Douglas Emmett by 14.4% in the third quarter. Public Sector Pension Investment Board now owns 653,180 shares of the real estate investment trust’s stock valued at $10,170,000 after purchasing an additional 82,286 shares during the period. Finally, Legal & General Group Plc lifted its position in Douglas Emmett by 18.9% in the fourth quarter. Legal & General Group Plc now owns 2,494,659 shares of the real estate investment trust’s stock valued at $27,416,000 after purchasing an additional 396,487 shares during the period. 97.37% of the stock is currently 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.