Douglas Emmett, Inc. $DEI Shares Sold by Amundi

Amundi reduced its position in Douglas Emmett, Inc. (NYSE:DEI) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 158,823 shares of the real estate investment trust’s stock after selling 11,215 shares during the quarter. Amundi owned about 0.09% of Douglas Emmett worth $2,317,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DEI. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Douglas Emmett in the 1st quarter worth $30,000. Brooklyn Investment Group increased its stake in shares of Douglas Emmett by 9,036.1% in the 1st quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 3,253 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Douglas Emmett in the 4th quarter worth $56,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Douglas Emmett in the 1st quarter worth $76,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Douglas Emmett in the 1st quarter worth $88,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

Shares of DEI opened at $16.83 on Friday. The stock has a 50-day simple moving average of $15.54 and a 200-day simple moving average of $15.17. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. The stock has a market capitalization of $2.82 billion, a PE ratio of 76.50 and a beta of 1.32. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data 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. The business had revenue of $252.43 million during the quarter, compared to analysts’ expectations of $250.98 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently 345.45%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DEI shares. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the stock a “market perform” rating in a research note on Wednesday, July 16th. Wells Fargo & Company raised their target price on Douglas Emmett from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Piper Sandler cut their target price on Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. Wall Street Zen downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Finally, Scotiabank lowered 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, August 28th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.43.

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.