B+
Bull case
25%
Probability
Target price
$12.80
Analysis reference price unavailable
Analysis 2026-10-20 · RankAlpha Sentiment Codex
DEI
Douglas EmmettCNYSE / Equity Real Estate Investment Trusts (REITs)
Last Price
Quote time unavailable
Current thesis
Q2's positive office absorption, favorable new-lease economics and full multifamily occupancy could translate into stronger cash NOI as signed leases commence. At $9.46, the shares trade at about 6.7 times the midpoint of management's $1.39–$1.43 2026 FFO-per-share guidance, leaving room for a recovery if financing costs stabilize.
Posture
Mixed
Lead driver
Value
What changed
Value remains the lead driver in the composite.
What can break
Higher market interest rates outweighed improved operating-income expectations in management's 2026 outlook; two office loans totaling $815 million were refinanced at an effective rate just over 6%. [#SEC-8K-2026-08-04]
Momentum
32
Value
64
Sentiment
49
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $10.25 · Bull $12.80 · Bear $7.20Analysis 2026-10-20; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-20 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-10-23
Investment thesis
As of 2026-10-23
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $12.40
Why
Momentum32 · Δ7d +4.5
Value64 · Δ7d -
Sentiment49 · Δ7d -26.4
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Confirming evidence
- • Value remains the lead driver in the composite.
Contradictions & invalidation
- • Higher market interest rates outweighed improved operating-income expectations in management's 2026 outlook; two office loans totaling $815 million were refinanced at an effective rate just over 6%. [#SEC-8K-2026-08-04]
- • Landmark Residences and 10900 Wilshire involve multiyear execution, while residential development capacity has no confirmed monetization date. [#SEC-8K-2026-08-04]
- • Management lowered full-year office occupancy guidance to 75%–77% after including lower-occupancy Studio Plaza and said higher interest rates would more than offset improved operating-income expectations.
Catalyst clock
2026-11-03
November 3 third-quarter results test office stabilization
Lead driver: Value · See fundamentals
Momentum
32
8% active weight
Current posture
7d trendFlat
Δ7d
+4.5
Δ21d
+11.2
Value
64
47% active weight
Current posture
7d trendFlat
Δ7d
-
Δ21d
-
Sentiment
49
45% active weight
Current posture
7d trendSoftening
Δ7d
-26.4
Δ21d
-40.3
Why this grade
Composite grade C. Momentum 32.0 / Value 64.0 / Sentiment 49.2
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-20. Scenario method
Most likely
B
Base case
50%
Probability
Target price
$10.25
Analysis reference price unavailable
Analysis 2026-10-20 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$7.20
Analysis reference price unavailable
Analysis 2026-10-20 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-10-23
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$1.7B
Beta
1.16
Shares Out
167.49M
P/E (TTM)
89.8
P/S (TTM)
1.87
P/FCF (TTM)
44.29
Rev YoY
+1.6%
EPS YoY
-49.6%
Gross Margin
+23.9%
Op Margin
+19.0%
Net Debt
$5.23B
Current Ratio
0.47
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data