QRG Capital Management Inc. Boosts Stock Position in Douglas Emmett, Inc. $DEI

QRG Capital Management Inc. grew its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 40.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,992 shares of the real estate investment trust’s stock after buying an additional 6,030 shares during the period. QRG Capital Management Inc.’s holdings in Douglas Emmett were worth $316,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Douglas Emmett by 13.3% during the 1st 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 buying an additional 492,997 shares in the last quarter. Northern Trust Corp lifted its position in shares of Douglas Emmett by 1.1% during the 1st quarter. Northern Trust Corp now owns 2,293,354 shares of the real estate investment trust’s stock valued at $36,694,000 after buying an additional 24,595 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Douglas Emmett by 9.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,747,751 shares of the real estate investment trust’s stock valued at $27,964,000 after buying an additional 153,842 shares in the last quarter. First Manhattan CO. LLC. lifted its position in shares of Douglas Emmett by 4.0% during 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 buying an additional 46,652 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Douglas Emmett during the 1st quarter valued at about $16,798,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on DEI shares. Scotiabank lowered their price target on Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating on the stock in a report on Thursday, August 28th. BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the stock a “market perform” rating in a report on Wednesday, July 16th. Wells Fargo & Company boosted their price target on Douglas Emmett from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Piper Sandler boosted their price target on Douglas Emmett from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Finally, Cantor Fitzgerald started coverage on Douglas Emmett in a report on Wednesday, October 1st. They issued a “neutral” rating and a $16.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Douglas Emmett has an average rating of “Hold” and an average price target of $18.25.

Douglas Emmett Stock Performance

NYSE DEI opened at $13.76 on Friday. The company has a market cap of $2.30 billion, a P/E ratio of 62.55 and a beta of 1.30. 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 business’s 50 day moving average price is $15.55 and its 200-day moving average price is $15.05. Douglas Emmett, Inc. has a fifty-two week low of $12.39 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $252.43 million for the quarter, compared to the consensus estimate of $250.98 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Sell-side analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 5.5%. Douglas Emmett’s payout ratio is currently 345.45%.

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.