Douglas Emmett (NYSE:DEI) Price Target Cut to $12.00 by Analysts at Scotiabank

Key Points

• Scotiabank lowered Douglas Emmett’s price target to $12 from $13 while maintaining a “sector perform” rating, implying 16.11% upside from the prior close.
• Analyst sentiment remains mostly neutral: the stock has one Buy, seven Hold, and one Sell rating, with a consensus target price of $13.57.
• Douglas Emmett shares slipped 0.2% to $10.34 after the REIT reported quarterly EPS of $(0.02), missing estimates of $0.36, despite revenue rising 2% year over year to $256.55 million.

Douglas Emmett (NYSE:DEI - Get Free Report) had its target price cut by stock analysts at Scotiabank from $13.00 to $12.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's price objective suggests a potential upside of 16.11% from the stock's previous close.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company lifted their price target on shares of Douglas Emmett from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. Weiss Ratings upgraded shares of Douglas Emmett from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 23rd. Cantor Fitzgerald increased their price objective on shares of Douglas Emmett from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Finally, Piper Sandler raised their price objective on shares of Douglas Emmett from $11.00 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $13.57.

Douglas Emmett Trading Down 0.2%

Shares of DEI traded down $0.03 during trading hours on Thursday, reaching $10.34. The stock had a trading volume of 578,599 shares, compared to its average volume of 2,371,152. The company has a market cap of $1.73 billion, a P/E ratio of -68.90, a P/E/G ratio of 4.06 and a beta of 1.15. Douglas Emmett has a 52 week low of $9.04 and a 52 week high of $16.50. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.63. The firm has a 50-day moving average of $11.72 and a 200 day moving average of $11.21.

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

Institutional Trading of Douglas Emmett

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC grew its position in Douglas Emmett by 35.5% in the second quarter. Tidal Investments LLC now owns 134,676 shares of the real estate investment trust's stock valued at $1,589,000 after purchasing an additional 35,316 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Douglas Emmett during the 2nd quarter worth about $73,000. Allworth Financial LP lifted its position in Douglas Emmett by 320.1% during the 2nd quarter. Allworth Financial LP now owns 5,772 shares of the real estate investment trust's stock worth $68,000 after buying an additional 4,398 shares in the last quarter. Nykredit A S acquired a new position in shares of Douglas Emmett during the 2nd quarter worth about $42,000. Finally, Corient Private Wealth LP boosted its stake in shares of Douglas Emmett by 12.5% during the 2nd quarter. Corient Private Wealth LP now owns 26,453 shares of the real estate investment trust's stock worth $312,000 after buying an additional 2,943 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

About Douglas Emmett

Douglas Emmett, Inc NYSE: DEI is a self-administered and self-managed real estate investment trust that owns, develops, acquires and operates office and multifamily properties. The company focuses primarily on high-quality, strategically located properties in supply-constrained markets.

Its office portfolio is concentrated in Los Angeles, including the Westside and neighboring submarkets, while its multifamily properties are located in Los Angeles and Honolulu. The company's properties serve a range of businesses and residential tenants, with an emphasis on well-located Class A office buildings and apartment communities.

Douglas Emmett was founded in 1971 and became a publicly traded company in 2006.

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