Douglas Emmett (NYSE:DEI) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Douglas Emmett's stock rating was downgraded from a "hold" to a "sell" by Wall Street Zen, reflecting growing concerns among analysts.
• Multiple analysts have lowered their target prices for the stock, with Scotiabank reducing its target from $21.00 to $19.00.
• Douglas Emmett reported a net margin of 3.77% and matching EPS of $0.37 in its latest earnings report, despite a year-over-year decline from $0.46 in the same quarter last year.

Wall Street Zen cut shares of Douglas Emmett (NYSE:DEI - Free Report) from a hold rating to a sell rating in a research note published on Saturday.

A number of other analysts have also recently weighed in on the company. Scotiabank lowered their price target on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research report on Monday, July 14th. BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the company a "market perform" rating in a research note on Wednesday, July 16th. Wells Fargo & Company reduced their target price on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Finally, Piper Sandler reduced their target price on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $17.78.

Douglas Emmett Stock Performance

Shares of DEI traded up $0.17 on Friday, reaching $14.74. 206,934 shares of the stock traded hands, compared to its average volume of 1,933,711. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 67.16 and a beta of 1.26. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.89. Douglas Emmett has a 12 month low of $12.39 and a 12 month high of $20.50. The stock's 50-day moving average price is $15.19 and its 200-day moving average price is $15.39.

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

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Monday, June 30th. Douglas Emmett's dividend payout ratio is presently 345.45%.

Institutional Trading of Douglas Emmett

Large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Douglas Emmett during the first quarter worth $30,000. Tower Research Capital LLC TRC grew its holdings in shares of Douglas Emmett by 203.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,964 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Douglas Emmett during the fourth quarter worth $56,000. Brooklyn Investment Group boosted its holdings in Douglas Emmett by 9,036.1% in the first quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 3,253 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Douglas Emmett in the first quarter valued at about $76,000. Institutional investors own 97.37% of the company's stock.

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.