Douglas Emmett (NYSE:DEI) Price Target Raised to $13.00 at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald raised Douglas Emmett’s price target from $12.00 to $13.00 while maintaining a “neutral” rating, implying 13.34% upside from the current price. The analyst consensus remains “Hold,” with a $13.71 target.
• Shares opened at $11.47 after declining 2.8%; the stock trades below its 50-day average of $12.05 but above its 200-day average of $11.00.
• Douglas Emmett reported a quarterly loss of $0.02 per share, missing the $0.36 consensus estimate, although revenue of $256.55 million exceeded expectations and rose 2% year over year. Institutional investors own 97.37% of the company.

Douglas Emmett (NYSE:DEI - Get Free Report) had its target price hoisted by Cantor Fitzgerald from $12.00 to $13.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Cantor Fitzgerald's price target would indicate a potential upside of 13.34% from the company's current price.

A number of other brokerages have also issued reports on DEI. Piper Sandler upped their target price on shares of Douglas Emmett from $11.00 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of Douglas Emmett from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 23rd. Evercore set a $14.00 price target on shares of Douglas Emmett in a report on Monday, June 8th. Wall Street Zen downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Finally, Wells Fargo & Company lifted their target price on Douglas Emmett from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $13.71.

Douglas Emmett Trading Down 2.8%

NYSE DEI opened at $11.47 on Friday. Douglas Emmett has a 52 week low of $9.04 and a 52 week high of $16.99. The company has a current ratio of 2.60, a quick ratio of 2.63 and a debt-to-equity ratio of 1.63. The stock has a market cap of $1.92 billion, a P/E ratio of -76.46, a PEG ratio of 6.14 and a beta of 1.15. The company's fifty day simple moving average is $12.05 and its 200-day simple moving average is $11.00.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share 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 firm had revenue of $256.55 million during the quarter, compared to analysts' expectations of $253.35 million. During the same period in the previous year, the company earned $0.37 earnings per share. The business's quarterly 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. Equities research analysts predict that Douglas Emmett will post 1.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Douglas Emmett

Institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers increased its position 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 period. California State Teachers Retirement System boosted its holdings in shares of Douglas Emmett by 0.5% in the second quarter. California State Teachers Retirement System now owns 154,385 shares of the real estate investment trust's stock valued at $2,322,000 after acquiring an additional 819 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Douglas Emmett by 220.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 1,166 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Douglas Emmett by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,894 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Douglas Emmett by 6.7% in the 2nd quarter. Creative Planning now owns 21,024 shares of the real estate investment trust's stock valued at $316,000 after acquiring an additional 1,317 shares during the period. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Company Profile

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company's office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.

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