Scotiabank Cuts Douglas Emmett (NYSE:DEI) Price Target to $16.00

Douglas Emmett (NYSE:DEI) had its target price decreased by Scotiabank from $18.00 to $16.00 in a report issued on Monday, MarketBeat Ratings reports. Scotiabank currently has a sector outperform rating on the real estate investment trust’s stock.

DEI has been the topic of several other reports. Wall Street Zen lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Piper Sandler cut shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $14.00 in a research report on Thursday, November 6th. Weiss Ratings upgraded shares of Douglas Emmett from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, November 13th. Wells Fargo & Company raised 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. Finally, Cantor Fitzgerald cut their price objective on shares of Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.71.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $11.68 on Monday. The firm has a fifty day moving average of $14.05 and a 200-day moving average of $14.75. Douglas Emmett has a 52-week low of $11.43 and a 52-week high of $20.50. 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 firm has a market capitalization of $1.96 billion, a P/E ratio of 53.10 and a beta of 1.28.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $250.58 million for the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business 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 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 6.5%. Douglas Emmett’s payout ratio is presently 633.33%.

Hedge Funds Weigh In On Douglas Emmett

Several large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in Douglas Emmett by 48.5% during 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 buying an additional 21,616 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Douglas Emmett by 9.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,747,751 shares of the real estate investment trust’s stock valued at $27,964,000 after acquiring an additional 153,842 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Douglas Emmett by 185.5% during the 1st quarter. Allianz Asset Management GmbH now owns 400,920 shares of the real estate investment trust’s stock valued at $6,415,000 after acquiring an additional 260,509 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Douglas Emmett during the first quarter worth $4,938,000. Finally, Convergence Investment Partners LLC acquired a new position in Douglas Emmett in the first quarter worth $675,000. 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.