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

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

Several other research firms have also commented on DEI. Wells Fargo & Company boosted their price target on shares of Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Jefferies Financial Group upgraded Douglas Emmett to a “hold” rating in a research note on Monday, October 13th. Wall Street Zen lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Scotiabank decreased their price objective on shares of Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 28th. Finally, BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the stock a “market perform” rating in a research note on Wednesday, July 16th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $17.00.

Douglas Emmett Stock Up 3.6%

Shares of DEI stock traded up $0.43 on Thursday, hitting $12.40. The stock had a trading volume of 2,227,852 shares, compared to its average volume of 1,903,803. Douglas Emmett has a 12-month low of $11.86 and a 12-month high of $20.50. The business has a 50 day moving average of $14.78 and a 200 day moving average of $14.87. 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 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 (NYSE:DEI) last released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $252.73 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, analysts expect that Douglas Emmett 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 paid 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 6.1%. Douglas Emmett’s dividend payout ratio is currently 633.33%.

Institutional Investors Weigh In On Douglas Emmett

A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Douglas Emmett by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,718,393 shares of the real estate investment trust’s stock valued at $26,755,000 after purchasing an additional 135,622 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Douglas Emmett by 4.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 227,841 shares of the real estate investment trust’s stock worth $3,547,000 after buying an additional 10,335 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Douglas Emmett by 6.4% during the third quarter. PNC Financial Services Group Inc. now owns 13,931 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 844 shares in the last quarter. Aberdeen Group plc increased its stake in shares of Douglas Emmett by 13.5% in the third 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 lifted its stake in Douglas Emmett by 36.5% in the third 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 last quarter. 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.