Investors Buy Large Volume of Douglas Emmett Call Options (NYSE:DEI)

Douglas Emmett, Inc. (NYSE:DEI) saw unusually large options trading activity on Wednesday. Stock traders bought 4,800 call options on the stock. This is an increase of 946% compared to the average daily volume of 459 call options.

Analysts Set New Price Targets

Several research firms have issued reports on DEI. Wall Street Zen downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Weiss Ratings downgraded Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Wells Fargo & Company upped their price target on Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Cantor Fitzgerald lowered their price target on shares of Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Piper Sandler cut shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $14.00 in a research note on Thursday, November 6th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.00.

Institutional Investors Weigh In On Douglas Emmett

Several hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new position in shares of Douglas Emmett during the 1st quarter valued at about $392,000. Envestnet Asset Management Inc. boosted its stake in Douglas Emmett by 48.5% in the first quarter. Envestnet Asset Management Inc. now owns 66,217 shares of the real estate investment trust’s stock worth $1,059,000 after buying an additional 21,616 shares in the last quarter. Edgestream Partners L.P. bought a new position in Douglas Emmett during the first quarter valued at approximately $2,230,000. Victory Capital Management Inc. raised its stake in shares of Douglas Emmett by 9.7% during 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 acquiring an additional 153,842 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Douglas Emmett by 185.5% in the 1st quarter. Allianz Asset Management GmbH now owns 400,920 shares of the real estate investment trust’s stock worth $6,415,000 after acquiring an additional 260,509 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Stock Down 0.3%

DEI stock opened at $11.98 on Thursday. The company’s 50 day moving average is $14.53 and its 200 day moving average is $14.84. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 54.43 and a beta of 1.28. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 1.55. Douglas Emmett has a 1-year low of $11.86 and a 1-year high of $20.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $250.58 million during the quarter, compared to analysts’ expectations of $252.73 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Sell-side analysts predict that Douglas Emmett will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 6.3%. Douglas Emmett’s dividend payout ratio (DPR) is presently 633.33%.

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.