Voya Investment Management LLC Sells 4,516 Shares of Douglas Emmett, Inc. $DEI

Voya Investment Management LLC cut its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 9.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,530 shares of the real estate investment trust’s stock after selling 4,516 shares during the quarter. Voya Investment Management LLC’s holdings in Douglas Emmett were worth $696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake 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 valued at $67,134,000 after acquiring an additional 492,997 shares during the last quarter. Northern Trust Corp boosted its stake in Douglas Emmett by 1.1% in the first quarter. Northern Trust Corp now owns 2,293,354 shares of the real estate investment trust’s stock valued at $36,694,000 after acquiring an additional 24,595 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Douglas Emmett by 9.7% in the first quarter. Victory Capital Management Inc. now owns 1,747,751 shares of the real estate investment trust’s stock worth $27,964,000 after purchasing an additional 153,842 shares during the period. First Manhattan CO. LLC. raised its holdings in Douglas Emmett by 4.0% in the first quarter. First Manhattan CO. LLC. now owns 1,203,908 shares of the real estate investment trust’s stock worth $19,491,000 after purchasing an additional 46,652 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in Douglas Emmett in the first quarter worth $16,798,000. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Trading Down 2.4%

Shares of NYSE:DEI opened at $15.44 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 quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. The company’s fifty day simple moving average is $15.62 and its 200 day simple moving average is $15.13. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 70.17 and a beta of 1.32.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The business had revenue of $252.43 million for the quarter, compared to analyst estimates of $250.98 million. During the same period last year, the business posted $0.46 earnings per share. 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. As a group, research analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently declared 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. This represents a $0.76 annualized dividend and a yield of 4.9%. The ex-dividend date is Tuesday, September 30th. Douglas Emmett’s payout ratio is presently 345.45%.

Analysts Set New Price Targets

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

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.