JPMorgan Chase & Co. Has Lowered Expectations for Douglas Emmett (NYSE:DEI) Stock Price

Douglas Emmett (NYSE:DEI - Get Free Report) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $18.00 to $16.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 31.63% from the stock's previous close.

DEI has been the topic of several other reports. Jefferies Financial Group reaffirmed a "hold" rating on shares of Douglas Emmett in a report on Tuesday, November 11th. Wall Street Zen lowered shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Piper Sandler downgraded Douglas Emmett from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $19.00 to $14.00 in a research report on Thursday, November 6th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Douglas Emmett in a research report on Wednesday, November 19th. Finally, Wells Fargo & Company increased their price objective on Douglas Emmett from $16.00 to $20.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $16.63.

Get Our Latest Stock Report on DEI

Douglas Emmett Stock Performance

Douglas Emmett stock traded up $0.47 during trading on Tuesday, hitting $12.16. The stock had a trading volume of 206,992 shares, compared to its average volume of 1,904,703. The stock's 50 day moving average is $13.75 and its two-hundred day moving average is $14.70. Douglas Emmett has a 1 year low of $11.43 and a 1 year high of $20.50. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 55.39 and a beta of 1.28. 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 - Get Free Report) last issued its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share (EPS) 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 firm had revenue of $250.58 million for the quarter, compared to analyst estimates of $252.73 million. During the same period in the previous year, the company posted $0.43 earnings per share. 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. As a group, analysts predict that Douglas Emmett will post 1.45 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DEI. State Street Corp lifted its position in Douglas Emmett by 1.0% during 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 purchasing an additional 100,396 shares during the last quarter. Wellington Management Group LLP increased its stake in Douglas Emmett by 3.8% in the third 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 acquiring an additional 256,191 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Douglas Emmett by 18.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,684,450 shares of the real estate investment trust's stock valued at $88,507,000 after acquiring an additional 899,233 shares during the last quarter. Geode Capital Management LLC lifted its stake in Douglas Emmett by 1.1% during the second quarter. Geode Capital Management LLC now owns 4,362,611 shares of the real estate investment trust's stock worth $65,620,000 after purchasing an additional 46,651 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Douglas Emmett by 13.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,195,729 shares of the real estate investment trust's stock worth $67,134,000 after purchasing an additional 492,997 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Company Profile

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.

Recommended Stories

• Five stocks we like better than Douglas Emmett
• How to find penny stocks to invest and trade
• 3 Reasons Baidu Could Be the Dark Horse of Global AI
• 3 Defense Stocks Set to Benefit From Increased Military Spending
• Betting on the Backbone: 3 AI Infrastructure Stocks
• Best Aerospace Stocks Investing
• Are These 3 Under-the-Radar AI Stocks the Next Big Growth Stories?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Douglas Emmett Right Now?

Before you consider Douglas Emmett, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Douglas Emmett wasn't on the list.

While Douglas Emmett currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here