Douglas Emmett (NYSE:DEI) Price Target Cut to $15.00 by Analysts at Wells Fargo & Company

Douglas Emmett (NYSE:DEI) had its price target reduced by investment analysts at Wells Fargo & Company from $20.00 to $15.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target points to a potential upside of 23.10% from the stock’s current price.

Several other brokerages also recently issued reports on DEI. Scotiabank reduced their price target on shares of Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating on the stock in a report on Monday, November 17th. Jefferies Financial Group restated a “hold” rating on shares of Douglas Emmett in a research report on Tuesday, November 11th. Piper Sandler cut Douglas Emmett from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $14.00 in a report on Thursday, November 6th. Cantor Fitzgerald dropped their price target on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Wall Street Zen cut Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Douglas Emmett presently has an average rating of “Hold” and an average price target of $16.00.

Douglas Emmett Price Performance

Douglas Emmett stock traded up $0.50 during trading hours on Tuesday, hitting $12.19. The stock had a trading volume of 316,916 shares, compared to its average volume of 1,905,423. Douglas Emmett has a 1-year low of $11.43 and a 1-year high of $20.50. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 55.39 and a beta of 1.28. The stock’s fifty day moving average is $13.75 and its two-hundred day moving average is $14.70. 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 released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $250.58 million during the quarter, compared to the consensus estimate of $252.73 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, analysts predict that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Douglas Emmett

Several hedge funds have recently made changes to their positions in DEI. Envestnet Asset Management Inc. increased its stake in Douglas Emmett by 48.5% in the first quarter. Envestnet Asset Management Inc. now owns 66,217 shares of the real estate investment trust’s stock valued at $1,059,000 after purchasing an additional 21,616 shares during the last quarter. Cetera Investment Advisers grew its holdings in Douglas Emmett by 7.6% in the 1st quarter. Cetera Investment Advisers now owns 11,454 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 809 shares during the period. GSA Capital Partners LLP increased its stake in shares of Douglas Emmett by 102.2% during the 1st quarter. GSA Capital Partners LLP now owns 159,903 shares of the real estate investment trust’s stock valued at $2,558,000 after acquiring an additional 80,840 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Douglas Emmett during the 1st quarter worth about $1,219,000. Finally, Natixis Advisors LLC lifted its holdings in shares of Douglas Emmett by 14.7% during the 1st quarter. Natixis Advisors LLC now owns 69,190 shares of the real estate investment trust’s stock worth $1,107,000 after acquiring an additional 8,853 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

About Douglas Emmett

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.