Douglas Emmett (NYSE:DEI) Hits New 52-Week Low – Time to Sell?

Douglas Emmett, Inc. (NYSE:DEI)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.43 and last traded at $11.5770, with a volume of 1833583 shares trading hands. The stock had previously closed at $11.50.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Jefferies Financial Group restated a “hold” rating on shares of Douglas Emmett in a report on Tuesday, November 11th. Piper Sandler lowered Douglas Emmett from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $14.00 in a research report on Thursday, November 6th. Wells Fargo & Company lifted their price objective on Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Wall Street Zen lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Finally, Cantor Fitzgerald dropped their target price on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.71.

Douglas Emmett Stock Performance

The stock has a market capitalization of $1.94 billion, a PE ratio of 52.63 and a beta of 1.28. The stock has a fifty day moving average of $14.14 and a 200-day moving average of $14.78. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $250.58 million for the quarter, compared to the consensus estimate of $252.73 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.Douglas Emmett’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.19 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 6.6%. Douglas Emmett’s payout ratio is currently 633.33%.

Institutional Investors Weigh In On Douglas Emmett

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jupiter Asset Management Ltd. boosted its holdings in shares of Douglas Emmett by 363.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 217,919 shares of the real estate investment trust’s stock valued at $3,487,000 after buying an additional 170,944 shares in the last quarter. XTX Topco Ltd purchased a new stake in Douglas Emmett in the first quarter valued at $1,219,000. Russell Investments Group Ltd. boosted its stake in Douglas Emmett by 1,247.0% in the first quarter. Russell Investments Group Ltd. now owns 30,591 shares of the real estate investment trust’s stock valued at $489,000 after acquiring an additional 28,320 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Douglas Emmett by 48.5% during the first quarter. Envestnet Asset Management Inc. now owns 66,217 shares of the real estate investment trust’s stock worth $1,059,000 after purchasing an additional 21,616 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Douglas Emmett by 40.3% during the second quarter. QRG Capital Management Inc. now owns 20,992 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 6,030 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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.