Mutual of America Capital Management LLC Has $324,000 Stock Holdings in Douglas Emmett, Inc. $DEI

Mutual of America Capital Management LLC reduced its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 11.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,510 shares of the real estate investment trust’s stock after selling 2,874 shares during the period. Mutual of America Capital Management LLC’s holdings in Douglas Emmett were worth $324,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Douglas Emmett during the 1st quarter worth $30,000. Brooklyn Investment Group boosted its holdings in Douglas Emmett by 9,036.1% during the first quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 3,253 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Douglas Emmett during the first quarter valued at about $76,000. Wolverine Asset Management LLC bought a new stake in Douglas Emmett during the first quarter valued at about $88,000. Finally, Raleigh Capital Management Inc. boosted its stake in Douglas Emmett by 18.9% during the 2nd quarter. Raleigh Capital Management Inc. now owns 6,130 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 975 shares during the period. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Price Performance

NYSE:DEI opened at $12.69 on Thursday. The company has a 50-day moving average of $15.21 and a 200-day moving average of $14.94. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 57.66 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 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 released 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. The company had revenue of $252.43 million during the quarter, compared to the consensus estimate of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Tuesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is 345.45%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Jefferies Financial Group upgraded Douglas Emmett to a “hold” rating in a research note on Monday, October 13th. Piper Sandler increased their price objective on Douglas Emmett from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Wells Fargo & Company increased their price objective on Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Scotiabank reduced their price objective 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. Finally, BMO Capital Markets set a $17.00 price target on shares of Douglas Emmett and gave the company a “market perform” rating in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and a consensus price target of $18.25.

About Douglas Emmett

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.