KLP Kapitalforvaltning AS Purchases 3,700 Shares of Douglas Emmett, Inc. $DEI

KLP Kapitalforvaltning AS increased its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 11.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,500 shares of the real estate investment trust’s stock after purchasing an additional 3,700 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Douglas Emmett were worth $540,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DEI. QRG Capital Management Inc. acquired a new position in Douglas Emmett during the 1st quarter worth approximately $239,000. Aspire Private Capital LLC increased its position in Douglas Emmett by 12.6% during the 1st quarter. Aspire Private Capital LLC now owns 22,871 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 2,568 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Douglas Emmett by 1.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 247,079 shares of the real estate investment trust’s stock worth $3,953,000 after purchasing an additional 3,030 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in Douglas Emmett by 3.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 90,806 shares of the real estate investment trust’s stock worth $1,453,000 after purchasing an additional 2,898 shares in the last quarter. Finally, KBC Group NV grew its holdings in Douglas Emmett by 39.6% during the 1st quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust’s stock worth $155,000 after acquiring an additional 2,743 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Trading Down 1.0%

NYSE:DEI opened at $13.39 on Friday. The firm has a market cap of $2.24 billion, a P/E ratio of 60.87 and a beta of 1.30. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The firm’s fifty day moving average is $15.44 and its 200-day moving average is $14.96. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $252.43 million for the quarter, compared to analyst estimates of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. Douglas Emmett’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.76 annualized dividend and a yield of 5.7%. Douglas Emmett’s dividend payout ratio is presently 345.45%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DEI. 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. Weiss Ratings lowered shares of Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Jefferies Financial Group raised shares of Douglas Emmett to a “hold” rating in a report on Monday, October 13th. Wall Street Zen lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Finally, Cantor Fitzgerald began coverage on shares of Douglas Emmett in a report on Wednesday, October 1st. They set a “neutral” rating and a $16.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.25.

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.