FY2025 EPS Estimates for Douglas Emmett Increased by Wedbush

Douglas Emmett, Inc. (NYSE:DEI) – Investment analysts at Wedbush boosted their FY2025 earnings per share estimates for shares of Douglas Emmett in a report released on Monday, February 10th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings per share of $1.44 for the year, up from their prior estimate of $1.43. Wedbush currently has a “Outperform” rating and a $21.00 price objective on the stock. The consensus estimate for Douglas Emmett’s current full-year earnings is $1.44 per share.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%.

A number of other research firms have also commented on DEI. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Jefferies Financial Group lifted their price objective on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.75.

Douglas Emmett Stock Up 0.9 %

Douglas Emmett stock opened at $17.10 on Thursday. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 131.51 and a beta of 1.11. The stock has a fifty day simple moving average of $18.17 and a two-hundred day simple moving average of $17.55. Douglas Emmett has a 12 month low of $12.50 and a 12 month high of $20.50. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.45%. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.66%.

Hedge Funds Weigh In On Douglas Emmett

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its position in Douglas Emmett by 1.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust’s stock valued at $147,437,000 after purchasing an additional 125,727 shares in the last quarter. FMR LLC lifted its position in Douglas Emmett by 59.6% during the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock valued at $144,662,000 after purchasing an additional 2,910,490 shares in the last quarter. Bamco Inc. NY lifted its position in Douglas Emmett by 0.3% during the third quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock valued at $112,263,000 after purchasing an additional 20,000 shares in the last quarter. Geode Capital Management LLC lifted its position in Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after purchasing an additional 26,961 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Douglas Emmett by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock valued at $70,764,000 after purchasing an additional 14,886 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

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.