Douglas Emmett, Inc. $DEI Shares Acquired by Ethic Inc.

Ethic Inc. increased its stake in Douglas Emmett, Inc. (NYSE:DEI) by 54.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,324 shares of the real estate investment trust’s stock after purchasing an additional 6,429 shares during the quarter. Ethic Inc.’s holdings in Douglas Emmett were worth $278,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Allianz Asset Management GmbH lifted its holdings in Douglas Emmett by 6.2% in the second quarter. Allianz Asset Management GmbH now owns 425,756 shares of the real estate investment trust’s stock worth $6,403,000 after purchasing an additional 24,836 shares during the period. Bayforest Capital Ltd acquired a new stake in Douglas Emmett in the second quarter worth about $131,000. Vanguard Personalized Indexing Management LLC raised its position in Douglas Emmett by 20.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 32,971 shares of the real estate investment trust’s stock worth $496,000 after acquiring an additional 5,592 shares in the last quarter. Inspire Investing LLC raised its position in Douglas Emmett by 22.8% in the second quarter. Inspire Investing LLC now owns 26,195 shares of the real estate investment trust’s stock worth $394,000 after acquiring an additional 4,865 shares in the last quarter. Finally, Aberdeen Group plc raised its position in Douglas Emmett by 13.1% in the second quarter. Aberdeen Group plc now owns 50,716 shares of the real estate investment trust’s stock worth $763,000 after acquiring an additional 5,871 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Price Performance

NYSE DEI opened at $12.74 on Friday. The company has a 50 day simple moving average of $15.17 and a 200-day simple moving average of $14.93. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 57.89 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.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $252.43 million during 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%. The firm’s revenue was up 2.4% compared to the same quarter last year. 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 research analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Douglas Emmett’s dividend payout ratio is 345.45%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Scotiabank dropped 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 research report on Thursday, August 28th. Wells Fargo & Company boosted their price target on shares of Douglas Emmett from $16.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Jefferies Financial Group upgraded shares of Douglas Emmett to a “hold” rating in a research report on Monday, October 13th. Wall Street Zen cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Finally, Piper Sandler boosted their price target on shares of Douglas Emmett from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.