Douglas Emmett (NYSE:DEI) Sets New 52-Week Low – Here’s Why

Douglas Emmett, Inc. (NYSE:DEI) shares reached a new 52-week low on Friday . The company traded as low as $10.86 and last traded at $10.8780, with a volume of 19385 shares traded. The stock had previously closed at $10.99.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DEI. Scotiabank cut their target price on Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating on the stock in a report on Monday, November 17th. Wells Fargo & Company cut their target price on Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Jefferies Financial Group restated a “hold” rating on shares of Douglas Emmett in a research note on Tuesday, November 11th. Piper Sandler downgraded Douglas Emmett from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $14.00 in a report on Thursday, November 6th. Finally, Cantor Fitzgerald dropped their price objective on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.29.

Douglas Emmett Stock Down 0.6%

The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 90.95 and a beta of 1.12. The business’s 50-day moving average is $11.90 and its two-hundred day moving average is $14.12. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.58.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $250.58 million during the quarter, compared to analysts’ expectations of $252.73 million. Douglas Emmett had a net margin of 2.22% and a return on equity of 0.62%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $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 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 7.0%. Douglas Emmett’s payout ratio is presently 633.33%.

Institutional Trading of Douglas Emmett

A number of hedge funds have recently made changes to their positions in DEI. Cetera Investment Advisers lifted its holdings 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 valued at $184,000 after acquiring an additional 766 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Douglas Emmett by 2.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 33,786 shares of the real estate investment trust’s stock valued at $526,000 after purchasing an additional 815 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Douglas Emmett by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 154,385 shares of the real estate investment trust’s stock valued at $2,322,000 after buying an additional 819 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Douglas Emmett by 6.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,931 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 844 shares during the period. Finally, Amalgamated Bank lifted its holdings in shares of Douglas Emmett by 1.8% during the 3rd quarter. Amalgamated Bank now owns 48,465 shares of the real estate investment trust’s stock valued at $755,000 after purchasing an additional 874 shares in 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.