Swedbank AB Has $935,000 Stake in Douglas Emmett, Inc. $DEI

Swedbank AB lifted its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 9.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,463 shares of the real estate investment trust’s stock after purchasing an additional 5,111 shares during the quarter. Swedbank AB’s holdings in Douglas Emmett were worth $935,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DEI. Bank of America Corp DE raised its position in Douglas Emmett by 42.5% in the 4th quarter. Bank of America Corp DE now owns 609,662 shares of the real estate investment trust’s stock valued at $11,315,000 after buying an additional 181,909 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Douglas Emmett in the 4th quarter valued at $198,000. Deutsche Bank AG raised its position in Douglas Emmett by 20.7% in the 4th quarter. Deutsche Bank AG now owns 241,819 shares of the real estate investment trust’s stock valued at $4,488,000 after buying an additional 41,468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Douglas Emmett by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 91,919 shares of the real estate investment trust’s stock valued at $1,706,000 after buying an additional 3,555 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in Douglas Emmett by 19.9% in the 4th quarter. Quantinno Capital Management LP now owns 83,576 shares of the real estate investment trust’s stock valued at $1,551,000 after buying an additional 13,845 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock opened at $16.36 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49. The business’s 50 day simple moving average is $15.60 and its two-hundred day simple moving average is $15.15. The stock has a market capitalization of $2.74 billion, a P/E ratio of 74.37 and a beta of 1.32. Douglas Emmett, Inc. has a one year low of $12.39 and a one year high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $252.43 million for the quarter, compared to analyst estimates 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 period last year, the company earned $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 4.6%. Douglas Emmett’s payout ratio is currently 345.45%.

Wall Street Analysts Forecast Growth

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

Douglas Emmett Company 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.