Douglas Emmett (NYSE:DEI) Given New $13.00 Price Target at Cantor Fitzgerald

Douglas Emmett (NYSE:DEI) had its price objective hoisted by equities research analysts at Cantor Fitzgerald from $12.00 to $13.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 13.34% from the company’s current price.

Several other research analysts also recently weighed in on DEI. Wells Fargo & Company lifted their target price on Douglas Emmett from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Evercore set a $14.00 price target on Douglas Emmett in a report on Monday, June 8th. Scotiabank lifted their price objective on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Citigroup lifted their price objective on shares of Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Wall Street Zen cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Douglas Emmett has a consensus rating of “Hold” and an average price target of $13.71.

Douglas Emmett Price Performance

Shares of DEI opened at $11.47 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.63 and a current ratio of 2.60. Douglas Emmett has a fifty-two week low of $9.04 and a fifty-two week high of $16.99. The firm has a 50-day simple moving average of $12.05 and a 200-day simple moving average of $11.00. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -76.46, a price-to-earnings-growth ratio of 6.14 and a beta of 1.15.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.38). The company had revenue of $256.55 million during the quarter, compared to analyst estimates of $253.35 million. Douglas Emmett had a negative net margin of 2.27% and a negative return on equity of 0.66%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. On average, equities research analysts anticipate that Douglas Emmett will post 1.41 earnings per share for the current year.

Hedge Funds Weigh In On Douglas Emmett

Large investors have recently modified their holdings of the business. State Street Corp lifted its holdings in Douglas Emmett by 1.0% in the second quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust’s stock valued at $148,593,000 after acquiring an additional 100,396 shares during the period. Wellington Management Group LLP lifted its stake in shares of Douglas Emmett by 2.5% in the fourth 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 purchasing an additional 171,208 shares during the period. Millennium Management LLC boosted its holdings in Douglas Emmett by 650.5% during the fourth quarter. Millennium Management LLC now owns 5,607,861 shares of the real estate investment trust’s stock worth $61,630,000 after buying an additional 4,860,682 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Douglas Emmett by 10.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,310,925 shares of the real estate investment trust’s stock worth $58,367,000 after buying an additional 506,108 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Douglas Emmett by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 4,291,907 shares of the real estate investment trust’s stock worth $47,174,000 after buying an additional 23,653 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Company Profile

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.