Douglas Emmett (NYSE:DEI) Hits New 1-Year Low – Here’s What Happened

Douglas Emmett, Inc. (NYSE:DEI)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $11.43 and last traded at $11.5770, with a volume of 1833583 shares changing hands. The stock had previously closed at $11.50.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Scotiabank lowered their price objective on shares of Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating for the company in a research report on Monday. Wall Street Zen cut Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Douglas Emmett in a research note on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Douglas Emmett in a research report on Tuesday, November 11th. Finally, Cantor Fitzgerald decreased their price objective on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.71.

Douglas Emmett Stock Down 1.5%

The firm has a market capitalization of $1.92 billion, a P/E ratio of 52.21 and a beta of 1.28. The firm’s 50 day moving average is $13.94 and its two-hundred day moving average is $14.73. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm had revenue of $250.58 million during the quarter, compared to analysts’ expectations of $252.73 million. During the same quarter last year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Research analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 6.6%. Douglas Emmett’s dividend payout ratio (DPR) is presently 633.33%.

Institutional Trading of Douglas Emmett

Hedge funds have recently made changes to their positions in the business. Alyeska Investment Group L.P. boosted 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 acquiring an additional 1,496,132 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Douglas Emmett by 93.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,311,991 shares of the real estate investment trust’s stock valued at $34,772,000 after purchasing an additional 1,117,668 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Douglas Emmett by 18.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,684,450 shares of the real estate investment trust’s stock worth $88,507,000 after purchasing an additional 899,233 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in Douglas Emmett during the third quarter worth $11,399,000. Finally, Jefferies Financial Group Inc. increased its holdings in shares of Douglas Emmett by 4,052.8% in the first quarter. Jefferies Financial Group Inc. now owns 682,841 shares of the real estate investment trust’s stock valued at $10,925,000 after purchasing an additional 666,398 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Company Profile

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.