KeyBanc initiated coverage of Douglas Emmett with a Sector Weight rating. The firm views Douglas Emmett’s high quality, West Coast portfolio across Los Angeles and Honolulu as attractive. However, the company’s structurally smaller tenant floor plates and shorter duration leases have resulted in elevated near term lease roll, the analyst tells investors in a research note.
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Read More on DEI:
- Douglas Emmett initiated with a Sector Weight at KeyBanc
- Douglas Emmett downgraded to Neutral from Overweight at Piper Sandler
- Douglas Emmett price target raised to $15 from $14 at Evercore ISI
- Douglas Emmett downgraded to Underperform from Neutral at BofA
- Douglas Emmett lowers FY23 FFO view to $1.81-$1.85 from $1.87-$1.93
