Cetera Investment Advisers Has $183,000 Stake in Douglas Emmett, Inc. $DEI

Cetera Investment Advisers grew its stake in Douglas Emmett, Inc. (NYSE:DEI) by 7.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,454 shares of the real estate investment trust’s stock after purchasing an additional 809 shares during the period. Cetera Investment Advisers’ holdings in Douglas Emmett were worth $183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DEI. Tower Research Capital LLC TRC raised its stake in shares of Douglas Emmett by 203.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Douglas Emmett during the 4th quarter valued at about $56,000. KBC Group NV boosted its position in shares of Douglas Emmett by 39.6% during the 1st quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust’s stock valued at $155,000 after acquiring an additional 2,743 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in Douglas Emmett in the fourth quarter worth about $206,000. Finally, Balyasny Asset Management L.P. bought a new position in Douglas Emmett during the fourth quarter worth about $218,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Trading Up 5.1%

Shares of DEI stock opened at $15.5490 on Friday. Douglas Emmett, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50. The company has a market capitalization of $2.60 billion, a P/E ratio of 70.68 and a beta of 1.26. The firm has a 50-day moving average price of $15.21 and a 200 day moving average price of $15.24. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm had revenue of $252.43 million during the quarter, compared to the consensus estimate of $250.98 million. During the same period last year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Research analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.9%. Douglas Emmett’s dividend payout ratio is currently 345.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Douglas Emmett from a “sell” rating to a “hold” rating in a report on Friday. Scotiabank decreased their price objective on Douglas Emmett from $21.00 to $19.00 and set a “sector outperform” rating on the stock in a report on Monday, July 14th. Piper Sandler decreased their price objective on Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. BMO Capital Markets set a $17.00 price objective on Douglas Emmett and gave the company a “market perform” rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company lowered their target price on shares of Douglas Emmett from $20.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.78.

About Douglas Emmett

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.