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

Key Points

• Douglas Emmett has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, following a report released on Saturday.
• Analysts have set varying price targets for Douglas Emmett, with Piper Sandler reducing their target from $20.00 to $18.00, while Wells Fargo increased theirs from $16.00 to $20.00.
• The company reported earnings per share (EPS) of $0.37 for the last quarter, matching expectations, while their annual revenue increased by 2.4% year-over-year.

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

Other equities research analysts have also recently issued reports about the stock. Scotiabank decreased their price target on shares of Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating for the company in a report on Thursday, August 28th. BMO Capital Markets set a $17.00 price target on shares of Douglas Emmett and gave the company a "market perform" rating in a report on Wednesday, July 16th. Piper Sandler decreased their price target on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, Wells Fargo & Company upped their price target on shares of Douglas Emmett from $16.00 to $20.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $18.11.

Douglas Emmett Stock Down 0.6%

NYSE:DEI traded down $0.10 during trading hours on Friday, reaching $16.10. The company's stock had a trading volume of 440,189 shares, compared to its average volume of 1,881,814. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 73.06 and a beta of 1.32. Douglas Emmett has a one year low of $12.39 and a one year high of $20.50. The business's 50-day moving average is $15.37 and its 200-day moving average is $15.16. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.37. The firm had revenue of $252.43 million during the quarter, compared to analysts' expectations of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. Douglas Emmett's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities research analysts predict that Douglas Emmett will post 1.45 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of Douglas Emmett by 2.7% during the first quarter. Principal Financial Group Inc. now owns 833,426 shares of the real estate investment trust's stock valued at $13,335,000 after buying an additional 21,771 shares during the last quarter. Bank of America Corp DE raised its position in Douglas Emmett by 42.5% in the fourth quarter. Bank of America Corp DE now owns 609,662 shares of the real estate investment trust's stock worth $11,315,000 after purchasing an additional 181,909 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Douglas Emmett in the first quarter worth about $392,000. KBC Group NV raised its position in Douglas Emmett by 39.6% in the first quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock worth $155,000 after purchasing an additional 2,743 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Douglas Emmett in the first quarter worth about $1,219,000. Institutional investors and hedge funds 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.