Douglas Emmett (NYSE:DEI) Upgraded to "Hold" at Jefferies Financial Group

Key Points

• Douglas Emmett (NYSE:DEI) has been upgraded to a "hold" rating by Jefferies Financial Group amidst varying ratings from other brokerages, with a consensus price target of $18.25.
• The stock opened at $13.74 and has a market capitalization of $2.30 billion, with a 52-week range between $12.39 and $20.50.
• Recent earnings data showed that Douglas Emmett reported earnings per share of $0.37 for the last quarter, meeting consensus estimates and reflecting a year-over-year revenue increase of 2.4%.

Douglas Emmett (NYSE:DEI - Get Free Report) was upgraded by equities researchers at Jefferies Financial Group to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages have also recently issued reports on DEI. Cantor Fitzgerald started coverage on Douglas Emmett in a research note on Wednesday, October 1st. They set a "neutral" rating and a $16.00 price objective on the stock. Wall Street Zen cut Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. BMO Capital Markets set a $17.00 price objective on Douglas Emmett and gave the stock a "market perform" rating in a research note on Wednesday, July 16th. Weiss Ratings cut shares of Douglas Emmett from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their target price on shares of Douglas Emmett from $16.00 to $20.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Douglas Emmett presently has an average rating of "Hold" and a consensus price target of $18.25.

Douglas Emmett Trading Down 0.5%

Shares of DEI opened at $13.74 on Monday. The stock has a fifty day moving average of $15.50 and a two-hundred day moving average of $15.02. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. The company has a market capitalization of $2.30 billion, a PE ratio of 62.43 and a beta of 1.30. Douglas Emmett has a fifty-two week low of $12.39 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $252.43 million during the quarter, compared to analyst estimates 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 company earned $0.46 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, analysts forecast that Douglas Emmett will post 1.45 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC acquired a new position in Douglas Emmett in the second quarter worth approximately $157,000. Osaic Holdings Inc. grew its position 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 buying an additional 3,237 shares during the last quarter. State of Wyoming boosted its stake in Douglas Emmett by 61.8% in the 2nd 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 acquired a new position in Douglas Emmett in the 2nd quarter worth approximately $172,000. Finally, Public Sector Pension Investment Board boosted its stake in Douglas Emmett by 7.5% in the 2nd 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.