Douglas Emmett (NYSE:DEI – Free Report) had its price target trimmed by Piper Sandler from $14.00 to $11.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.
Other research analysts have also issued reports about the company. Weiss Ratings lowered Douglas Emmett from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 9th. Cantor Fitzgerald upped their target price on Douglas Emmett from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Scotiabank dropped their price objective on shares of Douglas Emmett from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.14.
View Our Latest Report on Douglas Emmett
Douglas Emmett Stock Performance
Douglas Emmett (NYSE:DEI – Get Free Report) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.38). The firm had revenue of $256.55 million for the quarter, compared to the consensus estimate of $253.35 million. Douglas Emmett had a negative net margin of 2.27% and a negative return on equity of 0.66%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. As a group, equities analysts predict that Douglas Emmett will post 1.40 EPS for the current year.
Douglas Emmett Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Wednesday, September 30th. Douglas Emmett’s payout ratio is currently -506.67%.
Hedge Funds Weigh In On Douglas Emmett
Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Douglas Emmett during the 2nd quarter worth $287,803,000. Arrowstreet Capital Limited Partnership increased its holdings in Douglas Emmett by 42.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,248,144 shares of the real estate investment trust’s stock worth $30,598,000 after purchasing an additional 962,787 shares during the period. Legal & General Group Plc acquired a new stake in Douglas Emmett in the 2nd quarter valued at about $27,572,000. Hsbc Holdings PLC acquired a new stake in Douglas Emmett in the 2nd quarter valued at about $26,308,000. Finally, Bank of New York Mellon Corp acquired a new stake in Douglas Emmett in the 2nd quarter valued at about $18,002,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.
About Douglas Emmett
Douglas Emmett, Inc is a real estate investment trust (REIT) that owns, operates and develops office and multifamily properties. The company focuses on high-quality assets in supply-constrained markets and generates revenue primarily through leasing commercial office space and residential apartment homes.
Its portfolio is concentrated in Los Angeles County, including submarkets such as West Los Angeles, Brentwood, Century City, Santa Monica and Beverly Hills, as well as in Honolulu, Hawaii.
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