Douglas Emmett, Inc. $DEI Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 1,247.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,591 shares of the real estate investment trust’s stock after purchasing an additional 28,320 shares during the quarter. Russell Investments Group Ltd.’s holdings in Douglas Emmett were worth $489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Resona Asset Management Co. Ltd. lifted its holdings in shares of Douglas Emmett by 10.0% during the first quarter. Resona Asset Management Co. Ltd. now owns 72,904 shares of the real estate investment trust’s stock worth $1,173,000 after purchasing an additional 6,646 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Douglas Emmett by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 531,000 shares of the real estate investment trust’s stock worth $8,496,000 after purchasing an additional 113,888 shares during the period. Nuveen LLC acquired a new stake in shares of Douglas Emmett during the first quarter worth about $7,990,000. Fiduciary Family Office LLC acquired a new stake in shares of Douglas Emmett during the first quarter worth about $522,000. Finally, Davis Selected Advisers lifted its holdings in shares of Douglas Emmett by 115.6% during the first quarter. Davis Selected Advisers now owns 268,820 shares of the real estate investment trust’s stock worth $4,301,000 after purchasing an additional 144,130 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Stock Up 1.2%

Douglas Emmett stock opened at $16.22 on Monday. The stock has a market capitalization of $2.72 billion, a PE ratio of 73.72 and a beta of 1.32. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50. The business has a 50 day simple moving average of $15.31 and a 200-day simple moving average of $15.16. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on DEI. Piper Sandler decreased their target price on Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. Scotiabank decreased their price target on Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating for the company in a report on Thursday. Wells Fargo & Company boosted their price target on Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the company a “market perform” rating in a report on Wednesday, July 16th. Finally, Wall Street Zen downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and an average price target of $18.11.

Douglas Emmett Profile

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.