As previously reported, Scotiabank upgraded Douglas Emmett (DEI) to Outperform from Sector Perform with a price target of $21, up from $16, to reflect increased confidence that office occupancy bottoms in Q4 and grows in 2025 and 2026. The firm was “encouraged” by the improvement in Q3 leasing metrics and sees benefits from the company’s higher-than-West Coast peers retention ratio, paired with a more manageable upcoming lease expiration profile, the analyst tells investors.
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Read More on DEI:
- Douglas Emmett upgraded to Outperform from Sector Perform at Scotiabank
- Douglas Emmett management to meet virtually with Piper Sandler
- Douglas Emmett price target raised to $10.50 from $9 at BofA
- Douglas Emmett price target raised to $20 from $16 at Piper Sandler
- Douglas Emmett Reports Mixed Q3 Results Amid Leasing Growth
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