Arrowstreet Capital Limited Partnership Has $34.77 Million Stock Position in Douglas Emmett, Inc. $DEI

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 93.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,311,991 shares of the real estate investment trust’s stock after purchasing an additional 1,117,668 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.38% of Douglas Emmett worth $34,772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in shares of Douglas Emmett during the 2nd quarter worth $171,000. M&T Bank Corp raised its stake in Douglas Emmett by 16.6% during the second quarter. M&T Bank Corp now owns 14,305 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 2,038 shares in the last quarter. Capital Fund Management S.A. acquired a new position in Douglas Emmett during the second quarter worth about $1,987,000. Russell Investments Group Ltd. lifted its holdings in shares of Douglas Emmett by 308.7% in the second quarter. Russell Investments Group Ltd. now owns 125,015 shares of the real estate investment trust’s stock worth $1,880,000 after acquiring an additional 94,424 shares during the last quarter. Finally, Eisler Capital Management Ltd. bought a new position in shares of Douglas Emmett in the second quarter worth about $7,526,000. Institutional investors own 97.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DEI shares. Wells Fargo & Company decreased their price target on shares of Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Piper Sandler lowered shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and cut their target price for the company from $19.00 to $14.00 in a research report on Thursday, November 6th. JPMorgan Chase & Co. lowered their price target on shares of Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, November 25th. Scotiabank dropped their price target on Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating for the company in a research note on Monday, November 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Douglas Emmett in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.00.

Douglas Emmett Stock Performance

NYSE DEI opened at $11.83 on Friday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 98.55 and a beta of 1.12. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.58. Douglas Emmett, Inc. has a twelve month low of $11.43 and a twelve month high of $20.50. The stock has a fifty day simple moving average of $13.04 and a 200 day simple moving average of $14.53.

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, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $250.58 million for the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a return on equity of 0.62% and a net margin of 2.22%.The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Sell-side analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

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.