Douglas Emmett (NYSE:DEI) Earns Neutral Rating from Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has upgraded Douglas Emmett (NYSE: DEI) to a "hold" rating, reflecting a cautious optimism as the company navigates a mixed analyst outlook.
• The stock has seen significant trading activity with shares recently increasing by 1.5%, while analysts have set a consensus price target of $18.25.
• Douglas Emmett's quarterly earnings met expectations with an EPS of $0.37, and the company reported a 2.4% year-over-year revenue increase to $252.43 million.

Investment analysts at Cantor Fitzgerald initiated coverage on shares of Douglas Emmett (NYSE:DEI - Get Free Report) in a report released on Wednesday, Marketbeat.com reports. The brokerage set a "neutral" rating and a $16.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's target price indicates a potential upside of 1.23% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. Scotiabank decreased 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. Wall Street Zen cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. Wells Fargo & Company boosted 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 boosted 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 equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $18.25.

Douglas Emmett Price Performance

DEI stock opened at $15.81 on Wednesday. The firm's 50-day moving average price is $15.61 and its two-hundred day moving average price is $15.12. Douglas Emmett has a 12-month low of $12.39 and a 12-month high of $20.50. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 71.84 and a beta of 1.30. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 1.55.

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. 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 analysts' expectations of $250.98 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, equities analysts predict that Douglas Emmett will post 1.45 earnings per share for the current year.

Institutional Investors Weigh In On Douglas Emmett

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC purchased a new stake in Douglas Emmett in the second quarter worth about $157,000. Osaic Holdings Inc. grew its holdings in Douglas Emmett by 48.6% in the second quarter. Osaic Holdings Inc. now owns 9,896 shares of the real estate investment trust's stock worth $149,000 after purchasing an additional 3,237 shares during the period. State of Wyoming grew its holdings in Douglas Emmett by 61.8% in the second quarter. State of Wyoming now owns 30,172 shares of the real estate investment trust's stock worth $454,000 after purchasing an additional 11,520 shares during the period. Caxton Associates LLP purchased a new stake in Douglas Emmett in the second quarter worth about $172,000. Finally, Public Sector Pension Investment Board grew its holdings in Douglas Emmett by 7.5% in the second quarter. Public Sector Pension Investment Board now owns 570,894 shares of the real estate investment trust's stock worth $8,586,000 after purchasing an additional 39,894 shares during the period. Hedge funds and other institutional investors 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.