Douglas Emmett, Inc. (NYSE:DEI) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Douglas Emmett, Inc. (NYSE:DEI) has received a consensus recommendation of "Hold" from nine research firms, with an average twelve-month price target of $18.1250.
• Recent institutional activity shows significant investments in the company, with State Street Corp increasing its position by 1.0% to own over 9.7 million shares.
• The company announced a quarterly dividend of $0.19 per share, yielding 4.6%, with the payout ratio currently at 345.45%.

Shares of Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) have earned a consensus rating of "Hold" from the nine research firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $18.1250.

Several equities research analysts have recently weighed in on DEI shares. Scotiabank decreased their price objective on Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating for the company in a report on Thursday, August 28th. Wall Street Zen downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. Piper Sandler decreased their price objective on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Wells Fargo & Company increased their price objective on Douglas Emmett from $16.00 to $20.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Finally, BMO Capital Markets set a $17.00 price objective on Douglas Emmett and gave the stock a "market perform" rating in a research report on Wednesday, July 16th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. State Street Corp raised its position in Douglas Emmett by 1.0% in the second quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust's stock worth $148,593,000 after acquiring an additional 100,396 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Douglas Emmett by 1.1% in the second quarter. Geode Capital Management LLC now owns 4,362,611 shares of the real estate investment trust's stock valued at $65,620,000 after buying an additional 46,651 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Douglas Emmett by 13.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,195,729 shares of the real estate investment trust's stock valued at $67,134,000 after buying an additional 492,997 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Douglas Emmett by 93.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,311,991 shares of the real estate investment trust's stock valued at $34,772,000 after buying an additional 1,117,668 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Douglas Emmett by 1.1% in the first quarter. Northern Trust Corp now owns 2,293,354 shares of the real estate investment trust's stock valued at $36,694,000 after buying an additional 24,595 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Trading Down 2.0%

NYSE DEI opened at $16.58 on Tuesday. 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 firm's fifty day moving average price is $15.49 and its 200 day moving average price is $15.15. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 75.35 and a beta of 1.32. Douglas Emmett has a 12 month low of $12.39 and a 12 month high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, meeting analysts' consensus estimates of $0.37. The firm had revenue of $252.43 million for the quarter, compared to the consensus estimate of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The company's revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, sell-side analysts expect that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.19 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.76 annualized dividend and a yield of 4.6%. Douglas Emmett's dividend payout ratio is presently 345.45%.

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.

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