Douglas Emmett (NYSE:DEI) Hits New 1-Year Low – Time to Sell?

Douglas Emmett, Inc. (NYSE:DEI)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $10.78 and last traded at $10.7550, with a volume of 229747 shares traded. The stock had previously closed at $11.12.

Analysts Set New Price Targets

A number of equities analysts recently commented on DEI shares. Scotiabank decreased 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. JPMorgan Chase & Co. reduced their price target on Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $11.00 price objective on shares of Douglas Emmett in a research report on Monday, January 5th. Piper Sandler downgraded Douglas Emmett from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $14.00 in a research note on Thursday, November 6th. Finally, Wells Fargo & Company decreased their target price on shares of Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Douglas Emmett currently has an average rating of “Hold” and an average price target of $15.00.

Douglas Emmett Stock Performance

The company has a debt-to-equity ratio of 1.58, a quick ratio of 3.03 and a current ratio of 3.03. The business’s fifty day simple moving average is $11.45 and its 200-day simple moving average is $13.70. The firm has a market capitalization of $1.81 billion, a PE ratio of 90.09 and a beta of 1.14.

Douglas Emmett (NYSE:DEI) last released 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 0.62% and a net margin of 2.22%.The firm had revenue of $250.58 million during the quarter, compared to the consensus estimate of $252.73 million. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s quarterly 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, equities research analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.19 per share. 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 payout ratio is currently 633.33%.

Hedge Funds Weigh In On Douglas Emmett

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in Douglas Emmett by 220.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,166 shares during the period. Westside Investment Management Inc. raised its stake in shares of Douglas Emmett by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,840 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 920 shares during the period. Advisory Services Network LLC purchased a new stake in Douglas Emmett in the third quarter valued at approximately $32,000. Hantz Financial Services Inc. lifted its stake in Douglas Emmett by 448.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,621 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,143 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Douglas Emmett by 24.8% in the third quarter. Smartleaf Asset Management LLC now owns 5,320 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 1,056 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.