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

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

Several equities research analysts recently commented on DEI shares. Citigroup raised their target price on Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Wall Street Zen raised Douglas Emmett from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Scotiabank boosted their price objective on shares of Douglas Emmett from $11.50 to $12.00 and gave the company a “sector perform” rating in a research report on Thursday, May 21st. Weiss Ratings lowered Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Finally, Evercore set a $14.00 price objective on Douglas Emmett in a research report on Monday, June 8th.

Douglas Emmett Stock Up 0.1%

DEI opened at $12.02 on Monday. Douglas Emmett has a 1 year low of $9.04 and a 1 year high of $16.99. The firm has a 50 day moving average price of $11.87 and a 200 day moving average price of $10.87. 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 company has a market cap of $2.01 billion, a PE ratio of -70.72, a price-to-earnings-growth ratio of 6.25 and a beta of 1.15.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results 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 analysts’ expectations of $251.11 million. During the same period in the previous year, the company posted $0.40 earnings per share. Douglas Emmett’s revenue was down .4% compared to the same quarter last year. Douglas Emmett has set its FY 2026 guidance at 1.390-1.45 EPS. Sell-side analysts expect that Douglas Emmett will post 1.41 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.76 annualized dividend and a dividend yield of 6.3%. Douglas Emmett’s dividend payout ratio (DPR) is -447.06%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DEI. Royal Bank of Canada lifted its holdings in Douglas Emmett by 43.4% in the 1st quarter. Royal Bank of Canada now owns 29,746 shares of the real estate investment trust’s stock valued at $476,000 after acquiring an additional 9,007 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Douglas Emmett by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,105 shares of the real estate investment trust’s stock worth $1,538,000 after purchasing an additional 4,186 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Douglas Emmett by 8.4% in the 1st quarter. Empowered Funds LLC now owns 24,086 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 1,864 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Douglas Emmett by 33.4% in the 1st quarter. Intech Investment Management LLC now owns 83,994 shares of the real estate investment trust’s stock worth $1,344,000 after purchasing an additional 21,035 shares in the last quarter. Finally, Creative Planning lifted its stake in Douglas Emmett by 6.7% during the second quarter. Creative Planning now owns 21,024 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 1,317 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

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.