Douglas Emmett (NYSE:DEI) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Douglas Emmett from “sell” to “hold.” The broader analyst consensus is also “Hold,” with one Buy, seven Hold and one Sell rating and a consensus price target of $13.71.
• Douglas Emmett shares opened at $11.67, while other firms recently raised their price targets to between $13 and $14. The stock remains below its one-year high of $16.99.
• The REIT’s latest quarter included an EPS loss of $0.02, missing estimates by $0.38, though revenue of $256.55 million exceeded expectations and rose 2% year over year. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett (NYSE:DEI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Several other research firms have also commented on DEI. Cantor Fitzgerald boosted their price target on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Piper Sandler upped their target price on Douglas Emmett from $11.00 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Evercore set a $14.00 price objective on Douglas Emmett in a research note on Monday, June 8th. Scotiabank raised their price objective on Douglas Emmett from $12.00 to $13.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Douglas Emmett from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Douglas Emmett currently has a consensus rating of "Hold" and a consensus price target of $13.71.

Douglas Emmett Price Performance

Shares of DEI stock opened at $11.67 on Friday. The company has a market capitalization of $1.96 billion, a P/E ratio of -77.81, a P/E/G ratio of 5.33 and a beta of 1.15. The company's 50-day simple moving average is $12.03 and its two-hundred day simple moving average is $11.03. Douglas Emmett has a one year low of $9.04 and a one year high of $16.99. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.60 and a quick ratio of 2.63.

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

Hedge Funds Weigh In On Douglas Emmett

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its holdings in shares of Douglas Emmett by 52.4% in the 1st quarter. Quantinno Capital Management LP now owns 377,327 shares of the real estate investment trust's stock valued at $3,554,000 after buying an additional 129,785 shares during the period. Centersquare Investment Management LLC raised its position in Douglas Emmett by 54.7% during the fourth quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust's stock valued at $27,909,000 after acquiring an additional 897,630 shares in the last quarter. Legal & General Group Plc raised its position in Douglas Emmett by 18.9% during the fourth quarter. Legal & General Group Plc now owns 2,494,659 shares of the real estate investment trust's stock valued at $27,416,000 after acquiring an additional 396,487 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Douglas Emmett by 38.1% in the first quarter. Bessemer Group Inc. now owns 589,506 shares of the real estate investment trust's stock valued at $5,553,000 after acquiring an additional 162,537 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Douglas Emmett by 19.1% in the 1st quarter. Hsbc Holdings PLC now owns 2,126,023 shares of the real estate investment trust's stock worth $20,100,000 after purchasing an additional 341,527 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

About Douglas Emmett

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source