Piper Sandler Issues Pessimistic Forecast for Douglas Emmett (NYSE:DEI) Stock Price

Douglas Emmett (NYSE:DEI - Get Free Report) had its price objective reduced by analysts at Piper Sandler from $20.00 to $18.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Piper Sandler's target price would indicate a potential upside of 28.71% from the stock's current price.

DEI has been the topic of several other reports. Jefferies Financial Group started coverage on Douglas Emmett in a research note on Monday, March 17th. They issued a "hold" rating and a $16.00 price target on the stock. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company lowered their target price on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Douglas Emmett presently has an average rating of "Hold" and a consensus target price of $18.13.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $13.99 on Friday. Douglas Emmett has a 12-month low of $12.39 and a 12-month high of $20.50. The business's 50-day simple moving average is $14.64 and its 200 day simple moving average is $16.81. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 107.79 and a beta of 1.21.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. The firm had revenue of $251.54 million during the quarter, compared to analysts' expectations of $246.49 million. During the same quarter in the prior year, the company earned $0.45 EPS. The company's revenue was up 2.9% on a year-over-year basis. As a group, research analysts anticipate that Douglas Emmett will post 1.45 earnings per share for the current year.

Institutional Investors Weigh In On Douglas Emmett

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in Douglas Emmett during the first quarter valued at about $30,000. Brooklyn Investment Group increased its holdings in Douglas Emmett by 9,036.1% in the 1st quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust's stock worth $53,000 after buying an additional 3,253 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Douglas Emmett by 203.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in Douglas Emmett in the 4th quarter worth $56,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Douglas Emmett in the first quarter worth approximately $76,000. 97.37% of the stock is owned by institutional investors.

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.