Douglas Emmett, Inc. (NYSE:DEI) Receives $18.13 Average Target Price from Analysts

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%.

Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) has been given an average rating of "Moderate Buy" by the eight brokerages that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $18.4286.

A number of research analysts have recently issued reports on DEI shares. Piper Sandler dropped their target price on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Wall Street Zen cut Douglas Emmett from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. Scotiabank dropped their price target on shares of Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating for the company in a research report on Thursday, August 28th. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the stock a "market perform" rating in a report on Wednesday, July 16th. Finally, 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.

Hedge Funds Weigh In On Douglas Emmett

A number of hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of Douglas Emmett by 2.7% during the first quarter. Principal Financial Group Inc. now owns 833,426 shares of the real estate investment trust's stock worth $13,335,000 after purchasing an additional 21,771 shares during the period. Bank of America Corp DE raised its holdings in Douglas Emmett by 42.5% in the 4th quarter. Bank of America Corp DE now owns 609,662 shares of the real estate investment trust's stock valued at $11,315,000 after acquiring an additional 181,909 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Douglas Emmett in the 1st quarter valued at $392,000. KBC Group NV lifted its stake in Douglas Emmett by 39.6% during the first quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock worth $155,000 after purchasing an additional 2,743 shares during the period. Finally, XTX Topco Ltd bought a new stake in Douglas Emmett in the first quarter valued at $1,219,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

NYSE DEI traded down $0.14 during trading hours on Tuesday, hitting $16.67. 895,377 shares of the company's stock traded hands, compared to its average volume of 1,324,563. The firm's 50-day moving average is $15.56 and its 200-day moving average is $15.16. 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 company has a market capitalization of $2.79 billion, a PE ratio of 75.79 and a beta of 1.32. Douglas Emmett has a 52-week low of $12.39 and a 52-week 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. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The company had revenue of $252.43 million for the quarter, compared to the consensus estimate of $250.98 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company's revenue for the quarter was up 2.4% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities analysts forecast that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

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

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.