Douglas Emmett, Inc. (NYSE:DEI) Receives $18.25 Average Price Target from Analysts

Douglas Emmett, Inc. (NYSE:DEI) has been assigned an average rating of “Hold” from the ten research firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $18.25.

A number of research firms recently commented on DEI. Wells Fargo & Company boosted their target price on shares of Douglas Emmett from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Piper Sandler boosted their price target on shares of Douglas Emmett from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Scotiabank cut their price target on shares of Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 28th. Cantor Fitzgerald assumed coverage on shares of Douglas Emmett in a report on Wednesday, October 1st. They set a “neutral” rating and a $16.00 price target on the stock. Finally, Weiss Ratings upgraded shares of Douglas Emmett from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 24th.

Douglas Emmett Stock Up 1.7%

NYSE DEI opened at $12.95 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49. The company’s 50 day simple moving average is $15.12 and its 200 day simple moving average is $14.92. Douglas Emmett has a 12 month low of $12.39 and a 12 month high of $20.50. The company has a market capitalization of $2.17 billion, a P/E ratio of 58.84 and a beta of 1.30.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The business had revenue of $252.43 million for the quarter, compared to the consensus estimate of $250.98 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities research analysts expect that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders 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 dividend yield of 5.9%. Douglas Emmett’s payout ratio is currently 345.45%.

Institutional Investors Weigh In On Douglas Emmett

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Douglas Emmett by 220.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,166 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Douglas Emmett in the 1st quarter valued at approximately $30,000. Brooklyn Investment Group increased its stake in Douglas Emmett by 9,036.1% in the 1st quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 3,253 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Douglas Emmett in the 1st quarter valued at approximately $76,000. Finally, Wolverine Asset Management LLC acquired a new position in Douglas Emmett in the 1st quarter valued at approximately $88,000. 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.