Douglas Emmett (NYSE:DEI) Rating Lowered to Sell (D+) at Weiss Ratings

Key Points

• Douglas Emmett has been downgraded from a "hold (C-)" to a "sell (D+)" rating by Weiss Ratings, reflecting declining confidence in the company's stock performance.
• Multiple analysts, including Wall Street Zen and Scotiabank, have also lowered their ratings and target prices for the company, indicating a general trend of bearish sentiment among market watchers.
• As of now, the stock trades at $14.90, with a consensus price target of $18.25 and a mix of ratings from various analysts, including four buy ratings and five hold ratings.

Douglas Emmett (NYSE:DEI - Get Free Report) was downgraded by Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a report issued on Wednesday,Weiss Ratings reports.

Several other analysts have also commented on the stock. Wall Street Zen lowered shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Scotiabank cut their target price on shares of Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating for the company in a research note on Thursday, August 28th. Wells Fargo & Company upped their price target on shares of Douglas Emmett from $16.00 to $20.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. BMO Capital Markets set a $17.00 price target on shares of Douglas Emmett and gave the company a "market perform" rating in a research report on Wednesday, July 16th. Finally, Piper Sandler upped their price target on shares of Douglas Emmett from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.25.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock traded down $0.09 on Wednesday, hitting $14.90. The company had a trading volume of 1,829,427 shares, compared to its average volume of 1,655,709. The business has a 50-day simple moving average of $15.59 and a 200-day simple moving average of $15.10. 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 cap of $2.50 billion, a PE ratio of 67.73 and a beta of 1.30. 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 quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The business had revenue of $252.43 million during the quarter, compared to analysts' expectations of $250.98 million. During the same period last 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. Research analysts expect that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in shares of Douglas Emmett by 220.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 1,166 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Douglas Emmett during the 1st quarter worth $30,000. Brooklyn Investment Group increased its stake in shares of Douglas Emmett by 9,036.1% during the 1st quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 3,253 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Douglas Emmett during the 1st quarter worth $76,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Douglas Emmett during the 1st quarter worth $88,000. Institutional investors and hedge funds own 97.37% of the company's stock.

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.

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