Citigroup Issues Pessimistic Forecast for Douglas Emmett (NYSE:DEI) Stock Price

Douglas Emmett (NYSE:DEI) had its target price dropped by analysts at Citigroup from $12.00 to $10.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s target price suggests a potential upside of 0.31% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $11.00 price objective on shares of Douglas Emmett in a research note on Monday, January 5th. Scotiabank cut their price target on shares of Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating for the company in a report on Monday, November 17th. UBS Group cut shares of Douglas Emmett to a “sector perform” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. dropped their price objective on Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Finally, Wells Fargo & Company reduced their target price on Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and an average price target of $13.78.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock traded down $0.00 during trading hours on Wednesday, reaching $9.97. The company had a trading volume of 845,499 shares, compared to its average volume of 2,864,450. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.33 and a quick ratio of 3.03. Douglas Emmett has a one year low of $9.53 and a one year high of $17.47. The firm has a market cap of $1.67 billion, a PE ratio of 111.07 and a beta of 1.14. The business has a fifty day simple moving average of $10.92 and a 200 day simple moving average of $13.01.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $249.43 million for the quarter, compared to analysts’ expectations of $252.91 million. Douglas Emmett had a return on equity of 0.46% and a net margin of 1.62%.The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.450 EPS. On average, analysts anticipate that Douglas Emmett will post 1.45 earnings per share for the current fiscal year.

Institutional Trading of Douglas Emmett

A number of hedge funds have recently bought and sold shares of DEI. Millennium Management LLC grew its position 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 valued at $61,630,000 after acquiring an additional 4,860,682 shares during the last quarter. First Manhattan CO. LLC. boosted its stake in shares of Douglas Emmett by 4.9% in the 4th quarter. First Manhattan CO. LLC. now owns 1,519,447 shares of the real estate investment trust’s stock valued at $16,965,000 after purchasing an additional 70,745 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Douglas Emmett in the 4th quarter valued at $251,000. Freestone Grove Partners LP bought a new position in shares of Douglas Emmett during the 4th quarter valued at $343,000. Finally, AQR Capital Management LLC raised its position in Douglas Emmett by 94.0% in the 4th quarter. AQR Capital Management LLC now owns 275,081 shares of the real estate investment trust’s stock worth $3,023,000 after purchasing an additional 133,293 shares during the period. Institutional investors own 97.37% of the company’s stock.

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.