Douglas Emmett (NYSE:DEI) Given New $11.00 Price Target at Piper Sandler

Key Points

• Piper Sandler lowered Douglas Emmett’s price target from $14 to $11 while maintaining a “neutral” rating, implying roughly 12.4% upside from the prior close.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating from MarketBeat, with seven Holds, one Buy and one Sell, and an average price target of $13.14.
• DEI shares slipped 0.1% to $9.79, near their one-year low, after the REIT reported quarterly EPS of negative $0.02—well below the $0.36 consensus estimate—despite revenue slightly exceeding expectations.

Douglas Emmett (NYSE:DEI - Get Free Report) had its price objective lowered by equities research analysts at Piper Sandler from $14.00 to $11.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. Piper Sandler's target price points to a potential upside of 12.42% from the stock's previous close.

DEI has been the subject of several other reports. Scotiabank reduced their price target on Douglas Emmett from $13.00 to $12.00 and set a "sector perform" rating for the company in a research report on Thursday, September 17th. JPMorgan Chase & Co. raised their price objective on Douglas Emmett from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Wednesday, September 9th. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings downgraded shares of Douglas Emmett from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday. Finally, Cantor Fitzgerald increased their price target on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Douglas Emmett presently has a consensus rating of "Hold" and an average target price of $13.14.

Douglas Emmett Stock Down 0.1%

DEI stock traded down $0.01 during trading on Monday, hitting $9.79. 399,634 shares of the company's stock traded hands, compared to its average volume of 2,383,044. The firm has a market capitalization of $1.64 billion, a P/E ratio of -65.36 and a beta of 1.18. The business has a fifty day simple moving average of $10.93 and a two-hundred day simple moving average of $11.21. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.63. Douglas Emmett has a 1 year low of $9.04 and a 1 year high of $14.00.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.38). The business had revenue of $256.55 million during the quarter, compared to the consensus estimate of $253.35 million. Douglas Emmett had a negative return on equity of 0.66% and a negative net margin of 2.27%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.37 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. Sell-side analysts anticipate that Douglas Emmett will post 1.41 EPS for the current year.

Institutional Trading of Douglas Emmett

A number of institutional investors have recently made changes to their positions in DEI. Transamerica Financial Advisors LLC purchased a new stake in shares of Douglas Emmett during the second quarter valued at $38,000. Nykredit A S acquired a new position in shares of Douglas Emmett in the second quarter valued at about $42,000. Farther Finance Advisors LLC boosted its holdings in shares of Douglas Emmett by 164.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,256 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 2,649 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Douglas Emmett during the 2nd quarter worth about $64,000. Finally, Allworth Financial LP purchased a new position in Douglas Emmett during the second quarter valued at approximately $68,000. Institutional investors and hedge funds own 97.37% of the company's stock.

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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