Wedbush Brokers Boost Earnings Estimates for Douglas Emmett

Douglas Emmett, Inc. (NYSE:DEI) – Equities researchers at Wedbush lifted their Q4 2024 earnings per share (EPS) estimates for shares of Douglas Emmett in a report released on Wednesday, November 13th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $0.38 for the quarter, up from their previous estimate of $0.37. The consensus estimate for Douglas Emmett’s current full-year earnings is $1.70 per share. Wedbush also issued estimates for Douglas Emmett’s FY2025 earnings at $1.54 EPS.

DEI has been the topic of a number of other reports. JPMorgan Chase & Co. upped their target price on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Evercore ISI raised their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. Citigroup increased their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Piper Sandler lifted their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Douglas Emmett currently has an average rating of “Hold” and a consensus price target of $17.43.

Douglas Emmett Trading Down 1.8 %

Douglas Emmett stock opened at $18.05 on Monday. The stock has a market cap of $3.02 billion, a P/E ratio of -183.90 and a beta of 1.10. Douglas Emmett has a fifty-two week low of $11.08 and a fifty-two week high of $19.59. The firm’s fifty day moving average price is $17.79 and its 200-day moving average price is $15.58. The company has a debt-to-equity ratio of 1.51, a quick ratio of 5.11 and a current ratio of 4.09.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The company had revenue of $250.75 million for the quarter, compared to analysts’ expectations of $242.75 million. During the same period last year, the company posted $0.45 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis.

Institutional Trading of Douglas Emmett

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its stake in shares of Douglas Emmett by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock valued at $107,681,000 after acquiring an additional 165,425 shares during the last quarter. Bamco Inc. NY increased its holdings in Douglas Emmett by 0.3% during the 3rd 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 during the period. FMR LLC increased its holdings in Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock valued at $85,809,000 after purchasing an additional 384,371 shares during the period. Geode Capital Management LLC raised its position in Douglas Emmett by 0.7% during the 3rd 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Douglas Emmett by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after buying an additional 127,274 shares during the period. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were issued a $0.19 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 4.21%. Douglas Emmett’s dividend payout ratio is currently -760.00%.

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.