Douglas Emmett, Inc. (NYSE:DEI) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Douglas Emmett, Inc. (NYSE:DEI) has received an average rating of "Hold" from analysts, with six hold ratings and four buy ratings from ten brokerages.
• The company recently announced a quarterly dividend of $0.19 per share, which equates to an annualized yield of 4.9% and a high payout ratio of 345.45%.
• Diverse institutional investors have shown increased interest, with 97.37% of the stock currently owned by institutional investors and hedge funds.

Shares of Douglas Emmett, Inc. (NYSE:DEI - Get Free Report) have been assigned an average rating of "Hold" from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $18.25.

A number of analysts have recently commented on the stock. Scotiabank cut their price objective on shares of Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating on the stock in a research report on Thursday, August 28th. BMO Capital Markets set a $17.00 price objective on shares of Douglas Emmett and gave the stock a "market perform" rating in a research report on Wednesday, July 16th. Piper Sandler boosted their price objective on shares of Douglas Emmett from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. Cantor Fitzgerald assumed coverage on shares of Douglas Emmett in a research report on Wednesday. They issued a "neutral" rating and a $16.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th.

Douglas Emmett Stock Performance

Shares of DEI opened at $15.49 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. Douglas Emmett has a twelve month low of $12.39 and a twelve month high of $20.50. The firm's 50 day moving average price is $15.62 and its two-hundred day moving average price is $15.12. The firm has a market cap of $2.59 billion, a P/E ratio of 70.39 and a beta of 1.30.

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

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, September 30th. Douglas Emmett's payout ratio is presently 345.45%.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in Douglas Emmett by 6.7% during the second quarter. Cetera Investment Advisers now owns 12,220 shares of the real estate investment trust's stock worth $184,000 after buying an additional 766 shares during the last quarter. California State Teachers Retirement System increased its holdings in Douglas Emmett by 0.5% during the second quarter. California State Teachers Retirement System now owns 154,385 shares of the real estate investment trust's stock worth $2,322,000 after buying an additional 819 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Douglas Emmett by 3.9% during the second quarter. Teacher Retirement System of Texas now owns 25,430 shares of the real estate investment trust's stock worth $382,000 after buying an additional 952 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in Douglas Emmett by 18.9% during the second quarter. Raleigh Capital Management Inc. now owns 6,130 shares of the real estate investment trust's stock worth $92,000 after buying an additional 975 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Douglas Emmett by 0.3% during the first quarter. Raymond James Financial Inc. now owns 422,923 shares of the real estate investment trust's stock worth $6,767,000 after buying an additional 1,107 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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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