Douglas Emmett, Inc. (NYSE:DEI) Receives $13.57 Average Price Target from Brokerages

Douglas Emmett, Inc. (NYSE:DEI) has received a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.5714.

A number of equities analysts recently issued reports on the stock. Scotiabank decreased their price target on shares of Douglas Emmett from $13.00 to $12.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. JPMorgan Chase & Co. upped their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 9th. Weiss Ratings raised Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Piper Sandler lifted their price target on Douglas Emmett from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DEI. BlackRock Inc. bought a new stake in Douglas Emmett during the second quarter worth about $287,803,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Douglas Emmett by 42.1% during 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. Centersquare Investment Management LLC lifted its holdings 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 last quarter. Legal & General Group Plc boosted its position in shares of Douglas Emmett by 18.9% in the 4th quarter. Legal & General Group Plc now owns 2,494,659 shares of the real estate investment trust’s stock worth $27,416,000 after purchasing an additional 396,487 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Douglas Emmett in the 2nd quarter worth approximately $26,308,000. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Trading Up 1.8%

DEI opened at $10.43 on Friday. Douglas Emmett has a one year low of $9.04 and a one year high of $16.47. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.60 and a quick ratio of 2.60. The business has a 50 day simple moving average of $11.62 and a two-hundred day simple moving average of $11.22. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -69.53, a PEG ratio of 4.02 and a beta of 1.15.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported ($0.02) EPS 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 during the quarter, compared to the consensus estimate of $253.35 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s revenue for the quarter 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. Analysts predict that Douglas Emmett will post 1.41 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Wednesday, September 30th. Douglas Emmett’s payout ratio is -506.67%.

About Douglas Emmett

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.