Douglas Emmett (NYSE:DEI) Price Target Cut to $11.00 by Analysts at Piper Sandler

Douglas Emmett (NYSE:DEI) had its target price cut by Piper Sandler from $14.00 to $11.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

DEI has been the topic of a number of other research reports. Cantor Fitzgerald boosted their price target on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Weiss Ratings cut shares of Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Wall Street Zen raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. JPMorgan Chase & Co. raised their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, September 9th. Finally, Scotiabank decreased their target price 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. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.14.

Douglas Emmett Price Performance

Shares of DEI stock opened at $9.88 on Monday. The stock has a 50 day moving average of $10.89 and a two-hundred day moving average of $11.21. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.63. Douglas Emmett has a 12 month low of $9.04 and a 12 month high of $14.00. The company has a market capitalization of $1.65 billion, a P/E ratio of -65.83 and a beta of 1.18.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data 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). The firm 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. As a group, equities analysts expect that Douglas Emmett will post 1.41 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Wednesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is -506.67%.

Institutional Trading of Douglas Emmett

Institutional investors have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC bought a new stake in Douglas Emmett during the 2nd quarter worth approximately $38,000. Farther Finance Advisors LLC increased its holdings in Douglas Emmett by 164.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,256 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,649 shares in the last quarter. Nykredit A S acquired a new stake in Douglas Emmett during the 2nd quarter valued at $42,000. Frazier Financial Advisors LLC acquired a new stake in Douglas Emmett during the 2nd quarter valued at $64,000. Finally, Allworth Financial LP bought a new position in Douglas Emmett in the 2nd quarter valued at $68,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

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.