Douglas Emmett (NYSE:DEI) Reaches New 12-Month Low – Here’s What Happened
by Teresa Graham · The Cerbat GemShares of Douglas Emmett, Inc. (NYSE:DEI – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.78 and last traded at $10.7550, with a volume of 229747 shares trading hands. The stock had previously closed at $11.12.
Analyst Upgrades and Downgrades
Several analysts have issued reports on DEI shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Douglas Emmett in a research report on Tuesday, November 11th. Scotiabank reduced their price objective on Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating for the company in a research note on Monday, November 17th. Weiss Ratings downgraded Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Wells Fargo & Company decreased their target price on shares of Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. decreased their target price on Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.00.
Read Our Latest Research Report on Douglas Emmett
Douglas Emmett Price Performance
The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.58. The stock has a fifty day simple moving average of $11.51 and a 200-day simple moving average of $13.78. The company has a market capitalization of $1.82 billion, a PE ratio of 90.72 and a beta of 1.14.
Douglas Emmett (NYSE:DEI – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $250.58 million during the quarter, compared to the consensus estimate of $252.73 million. Douglas Emmett had a return on equity of 0.62% and a net margin of 2.22%.The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. 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 year.
Douglas Emmett Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 7.0%. Douglas Emmett’s dividend payout ratio is presently 633.33%.
Institutional Investors Weigh In On Douglas Emmett
A number of institutional investors have recently bought and sold shares of DEI. SG Americas Securities LLC grew its position in Douglas Emmett by 33.5% during the fourth quarter. SG Americas Securities LLC now owns 43,176 shares of the real estate investment trust’s stock valued at $475,000 after acquiring an additional 10,824 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Douglas Emmett during the 4th quarter worth about $178,000. JPMorgan Chase & Co. grew its holdings in shares of Douglas Emmett by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,718,393 shares of the real estate investment trust’s stock worth $26,755,000 after purchasing an additional 135,622 shares during the period. Davis Selected Advisers increased its position in Douglas Emmett by 14.8% during the 3rd quarter. Davis Selected Advisers now owns 317,600 shares of the real estate investment trust’s stock worth $4,945,000 after purchasing an additional 40,850 shares in the last quarter. Finally, Swiss Life Asset Management Ltd raised its holdings in Douglas Emmett by 7.3% in the third quarter. Swiss Life Asset Management Ltd now owns 58,404 shares of the real estate investment trust’s stock valued at $909,000 after buying an additional 3,953 shares during the period. 97.37% of the stock is currently 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.