Cantor Fitzgerald Cuts Douglas Emmett (NYSE:DEI) Price Target to $13.00

Douglas Emmett (NYSE:DEI) had its target price lowered by Cantor Fitzgerald from $16.00 to $13.00 in a research report report published on Thursday morning, MarketBeat reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently weighed in on DEI. Wall Street Zen cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. BMO Capital Markets set a $17.00 price objective on Douglas Emmett and gave the company a “market perform” rating in a research report on Wednesday, July 16th. Wells Fargo & Company boosted their target price on Douglas Emmett from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Jefferies Financial Group upgraded Douglas Emmett to a “hold” rating in a report on Monday, October 13th. Finally, Scotiabank cut their price objective on shares of Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Douglas Emmett currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Douglas Emmett Price Performance

Shares of DEI stock opened at $12.40 on Thursday. The business’s fifty day moving average is $14.78 and its 200 day moving average is $14.88. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 56.34 and a beta of 1.28. Douglas Emmett has a twelve month low of $11.86 and a twelve month high of $20.50.

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

Douglas Emmett Announces Dividend

The business also recently disclosed 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. This represents a $0.76 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Douglas Emmett’s payout ratio is presently 633.33%.

Institutional Investors Weigh In On Douglas Emmett

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in Douglas Emmett by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 1,718,393 shares of the real estate investment trust’s stock valued at $26,755,000 after acquiring an additional 135,622 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Douglas Emmett by 4.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 227,841 shares of the real estate investment trust’s stock valued at $3,547,000 after buying an additional 10,335 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Douglas Emmett by 6.4% in the third quarter. PNC Financial Services Group Inc. now owns 13,931 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 844 shares during the period. Aberdeen Group plc boosted its stake in shares of Douglas Emmett by 13.5% during the 3rd quarter. Aberdeen Group plc now owns 57,560 shares of the real estate investment trust’s stock worth $896,000 after acquiring an additional 6,844 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in shares of Douglas Emmett by 36.5% during the 3rd quarter. Metis Global Partners LLC now owns 37,758 shares of the real estate investment trust’s stock valued at $588,000 after acquiring an additional 10,091 shares during the period. Institutional investors own 97.37% of the company’s stock.

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.