Douglas Emmett (NYSE:DEI) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Douglas Emmett (NYSE:DEI) from a hold rating to a sell rating in a research report report published on Saturday morning.

A number of other brokerages have also issued reports on DEI. Evercore set a $14.00 price target on Douglas Emmett in a research report on Monday, June 8th. Wells Fargo & Company increased their price objective on Douglas Emmett from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Weiss Ratings upgraded Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. Piper Sandler lifted their target price on shares of Douglas Emmett from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Citigroup upped their target price on shares of Douglas Emmett from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Douglas Emmett presently has an average rating of “Hold” and an average price target of $13.57.

Douglas Emmett Trading Up 1.2%

Shares of Douglas Emmett stock opened at $12.28 on Friday. The firm has a market capitalization of $2.06 billion, a PE ratio of -72.21, a P/E/G ratio of 6.39 and a beta of 1.15. Douglas Emmett has a twelve month low of $9.04 and a twelve month high of $16.99. The firm’s 50-day moving average price is $11.98 and its 200 day moving average price is $10.95. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.62.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. Douglas Emmett had a negative return on equity of 0.74% and a negative net margin of 2.59%.The company had revenue of $250.96 million for the quarter, compared to analysts’ expectations of $251.11 million. During the same period in the previous year, the firm posted $0.40 EPS. Douglas Emmett’s revenue was down .4% compared to the same quarter last year. Douglas Emmett has set its FY 2026 guidance at 1.390-1.45 EPS. On average, sell-side analysts predict that Douglas Emmett will post 1.41 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Tuesday, June 30th. Douglas Emmett’s payout ratio is currently -447.06%.

Institutional Investors Weigh In On Douglas Emmett

Several hedge funds and other institutional investors have recently made changes to their positions in DEI. State Street Corp boosted its stake in Douglas Emmett by 1.0% during the second quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust’s stock worth $148,593,000 after buying an additional 100,396 shares during the last quarter. Wellington Management Group LLP grew its holdings in Douglas Emmett by 2.5% in the 4th quarter. Wellington Management Group LLP now owns 7,142,978 shares of the real estate investment trust’s stock valued at $78,501,000 after buying an additional 171,208 shares in the last quarter. Millennium Management LLC grew its holdings in Douglas Emmett by 650.5% in the 4th quarter. Millennium Management LLC now owns 5,607,861 shares of the real estate investment trust’s stock valued at $61,630,000 after buying an additional 4,860,682 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Douglas Emmett by 10.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,310,925 shares of the real estate investment trust’s stock worth $58,367,000 after acquiring an additional 506,108 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Douglas Emmett by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 4,291,907 shares of the real estate investment trust’s stock worth $47,174,000 after acquiring an additional 23,653 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

About Douglas Emmett

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.