Douglas Emmett (NYSE:DEI) Given New $19.00 Price Target at Piper Sandler

Key Points

• Piper Sandler has raised its target price for Douglas Emmett stock from $18.00 to $19.00, signaling a potential upside of 18.09% from its previous close, while maintaining an "overweight" rating.
• Despite the positive outlook from Piper Sandler, other analysts have shown mixed sentiments; Wall Street Zen downgraded the stock to "sell," while Wells Fargo increased its price target to $20.00.
• Douglas Emmett's stock performance reports a 52-week low of $12.39 and high of $20.50, with recent earnings results matching consensus estimates at $0.37 per share.

Douglas Emmett (NYSE:DEI - Get Free Report) had its price objective hoisted by equities researchers at Piper Sandler from $18.00 to $19.00 in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Piper Sandler's price objective points to a potential upside of 17.47% from the company's current price.

A number of other analysts have also issued reports on the company. Wells Fargo & Company increased their target price on Douglas Emmett from $16.00 to $20.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the company a "market perform" rating in a research report on Wednesday, July 16th. Scotiabank decreased their target price on 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. Finally, Wall Street Zen cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $18.57.

Douglas Emmett Price Performance

NYSE DEI traded up $0.02 on Thursday, reaching $16.18. 504,827 shares of the stock traded hands, compared to its average volume of 1,866,345. The firm's fifty day simple moving average is $15.62 and its 200 day simple moving average is $15.13. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 73.44 and a beta of 1.32. Douglas Emmett has a 12 month low of $12.39 and a 12 month high of $20.50.

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 for the quarter, hitting the consensus estimate of $0.37. The business 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%.The company's revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, research analysts predict that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Douglas Emmett

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in Douglas Emmett by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 12,220 shares of the real estate investment trust's stock worth $184,000 after purchasing an additional 766 shares during the period. California State Teachers Retirement System lifted its position in Douglas Emmett by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 154,385 shares of the real estate investment trust's stock worth $2,322,000 after buying an additional 819 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Douglas Emmett by 3.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 25,430 shares of the real estate investment trust's stock worth $382,000 after buying an additional 952 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in Douglas Emmett by 18.9% during the 2nd quarter. Raleigh Capital Management Inc. now owns 6,130 shares of the real estate investment trust's stock worth $92,000 after buying an additional 975 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in Douglas Emmett by 0.3% during the 1st quarter. Raymond James Financial Inc. now owns 422,923 shares of the real estate investment trust's stock worth $6,767,000 after buying an additional 1,107 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

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.