Douglas Emmett, Inc. $DEI Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lessened its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 20.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,932 shares of the real estate investment trust’s stock after selling 6,499 shares during the quarter. IFM Investors Pty Ltd’s holdings in Douglas Emmett were worth $390,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DEI. Price T Rowe Associates Inc. MD boosted its holdings in Douglas Emmett by 13.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,195,729 shares of the real estate investment trust’s stock worth $67,134,000 after purchasing an additional 492,997 shares during the period. Northern Trust Corp boosted its position in shares of Douglas Emmett by 1.1% during the first quarter. Northern Trust Corp now owns 2,293,354 shares of the real estate investment trust’s stock worth $36,694,000 after buying an additional 24,595 shares during the period. Victory Capital Management Inc. grew its holdings in Douglas Emmett by 9.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,747,751 shares of the real estate investment trust’s stock worth $27,964,000 after buying an additional 153,842 shares in the last quarter. First Manhattan CO. LLC. increased its position in Douglas Emmett by 4.0% in the 1st quarter. First Manhattan CO. LLC. now owns 1,203,908 shares of the real estate investment trust’s stock valued at $19,491,000 after acquiring an additional 46,652 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Douglas Emmett by 2.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,111,859 shares of the real estate investment trust’s stock valued at $20,636,000 after acquiring an additional 26,432 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

Shares of NYSE DEI opened at $16.10 on Wednesday. The business has a fifty day simple moving average of $15.63 and a 200 day simple moving average of $15.13. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 73.16 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. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 1.55.

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 (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 company had revenue of $252.43 million during the quarter, compared to analysts’ expectations of $250.98 million. During the same period last year, the business earned $0.46 earnings per share. The business’s 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. Sell-side analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.7%. Douglas Emmett’s dividend payout ratio (DPR) is presently 345.45%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Piper Sandler upped their target price on Douglas Emmett from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Wells Fargo & Company raised their price objective on shares of Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Wall Street Zen lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the stock a “market perform” rating in a research report on Wednesday, July 16th. Finally, Scotiabank lowered their price target on shares of Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 28th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Douglas Emmett presently has an average rating of “Moderate Buy” and a consensus price target of $18.57.

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.