Douglas Emmett (NYSE:DEI) Given New $16.00 Price Target at Scotiabank
Scotiabank lowered its price target for Douglas Emmett (NYSE:DEI) from $18.00 to $16.00, maintaining a "sector outperform" rating. Other analysts have mixed ratings, with some lowering their targets and others upgrading. The stock traded down 2.1% to $11.63. Douglas Emmett reported Q3 earnings of $0.34 per share, meeting estimates, with revenue of $250.58 million. Institutional investors have adjusted their positions in the stock.
Douglas Emmett (NYSE:DEI - Get Free Report) had its price target decreased by investment analysts at Scotiabank from $18.00 to $16.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "sector outperform" rating on the real estate investment trust's stock. Scotiabank's price objective points to a potential upside of 37.63% from the stock's current price.
Other analysts have also issued reports about the stock. Cantor Fitzgerald reduced their price objective on shares of Douglas Emmett from $16.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group restated a "hold" rating on shares of Douglas Emmett in a report on Tuesday, November 11th. Wells Fargo & Company upped their price objective on Douglas Emmett from $16.00 to $20.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Piper Sandler lowered Douglas Emmett from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $19.00 to $14.00 in a report on Thursday, November 6th. Finally, Weiss Ratings upgraded Douglas Emmett from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $16.71.
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Douglas Emmett Trading Down 2.1%
NYSE DEI traded down $0.25 during trading on Monday, hitting $11.63. The company had a trading volume of 776,742 shares, compared to its average volume of 1,903,345. Douglas Emmett has a one year low of $11.63 and a one year high of $20.50. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 1.55. The company's fifty day moving average is $14.34 and its 200-day moving average is $14.81. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 52.98 and a beta of 1.28.
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. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The business had revenue of $250.58 million for the quarter, compared to analysts' expectations of $252.73 million. During the same period in the previous year, the firm posted $0.43 EPS. The business's revenue was up .0% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, sell-side analysts predict that Douglas Emmett will post 1.45 earnings per share for the current year.
Institutional Trading of Douglas Emmett
Large investors have recently made changes to their positions in the stock. State Street Corp grew its stake 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 worth $148,593,000 after purchasing an additional 100,396 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Douglas Emmett by 3.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,971,770 shares of the real estate investment trust's stock valued at $108,550,000 after purchasing an additional 256,191 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Douglas Emmett by 18.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,684,450 shares of the real estate investment trust's stock worth $88,507,000 after purchasing an additional 899,233 shares in the last quarter. Geode Capital Management LLC grew its stake in Douglas Emmett by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,362,611 shares of the real estate investment trust's stock worth $65,620,000 after buying an additional 46,651 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Douglas Emmett by 13.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,195,729 shares of the real estate investment trust's stock valued at $67,134,000 after buying an additional 492,997 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.
Douglas Emmett Company Profile
(Get Free Report)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.
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