Douglas Emmett

DEI · NYSE

$9.58+$0.12 (+1.27%)TodayMarket closed · Oct 20, 4:10 PM ET

Prev close $9.46

DEI analyst rating

HoldConsensus of 7 analysts over the last 12 months. 14% rate it a buy.

Strong buy0
Buy1
Hold6
Underperform0
Sell0

12-month price target · 11 analysts

Average $13.15 (+37.2% upside)

Low: $11.11
Now: $9.58
High: $14.70

Upgrades and downgrades

The latest rating actions, newest first

DEI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Oct 12, 2026	Maintains	Neutral	$14.00 → $11.00	44%
Scotiabank	Sep 17, 2026	Maintains	Sector Perform	$13.00 → $12.00	47%
JP Morgan	Sep 9, 2026	Maintains	Neutral	$15.00 → $16.00	58%
Cantor Fitzgerald	Aug 7, 2026	Maintains	Neutral	$12.00 → $13.00	55%
Scotiabank	Jul 21, 2026	Maintains	Sector Perform	$12.00 → $13.00	47%
Piper Sandler	Jul 21, 2026	Maintains	Neutral	$11.00 → $14.00	44%
Evercore ISI Group	Jun 15, 2026	Maintains	In-Line	$14.00 → $13.00	45%
Wells Fargo	Jun 1, 2026	Maintains	Overweight	$13.00 → $14.00	42%
Scotiabank	May 21, 2026	Maintains	Sector Perform	$11.50 → $12.00	47%
Citigroup	May 11, 2026	Maintains	Neutral	$10.00 → $12.00	44%

The case for and against

Updated Feb 1, 2025

Bull case

Douglas Emmett Inc. is experiencing positive momentum as office occupancy is anticipated to stabilize and improve through 2025 and 2026, backed by a reduction in its lease expiration profile and a higher tenant retention ratio compared to its West Coast peers. The company's adjusted Net Asset Value per Share (NAVPS) has been increased to $22, reflecting a reduction in both office and multifamily capitalization rates that align with the high-quality nature of its property portfolio. Additionally, the latest financial forecasts indicate modest increases in funds from operations (FFO) estimates, signaling an attractive valuation with a notable discount to NAVPS and favorable relative valuation metrics.

Bear case

Douglas Emmett Inc. faces significant challenges due to economic weakness and ongoing secular shifts away from office-using spaces, particularly in high-tax West Coast markets. The company anticipates lower occupancy rates in the second half of 2024, largely influenced by a major tenant's departure, coupled with high lease expirations and rising refinancing costs on maturing debt. Furthermore, the 2025 FFO per share estimates have been modestly reduced to reflect these factors, resulting in the company's multiples trading at a discount to both its five-year average and the broader REIT sector.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.