Citigroup Inc. Lowers Position in Douglas Emmett, Inc. $DEI

Citigroup Inc. trimmed its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 44.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,597 shares of the real estate investment trust’s stock after selling 114,695 shares during the period. Citigroup Inc. owned about 0.08% of Douglas Emmett worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in DEI. State Street Corp lifted its position in shares of Douglas Emmett by 1.0% in the 2nd quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust’s stock worth $148,593,000 after purchasing an additional 100,396 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Douglas Emmett by 18.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,684,450 shares of the real estate investment trust’s stock valued at $88,507,000 after buying an additional 899,233 shares during the period. Geode Capital Management LLC raised its stake in Douglas Emmett by 1.1% in the second quarter. Geode Capital Management LLC now owns 4,362,611 shares of the real estate investment trust’s stock worth $65,620,000 after buying an additional 46,651 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Douglas Emmett by 93.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,311,991 shares of the real estate investment trust’s stock worth $34,772,000 after buying an additional 1,117,668 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Douglas Emmett by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 1,866,279 shares of the real estate investment trust’s stock worth $28,069,000 after buying an additional 181,418 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DEI has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Douglas Emmett in a research report on Tuesday, November 11th. Piper Sandler reduced their price target on Douglas Emmett from $14.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. UBS Group cut Douglas Emmett to a “sector perform” rating in a research note on Wednesday, January 14th. Weiss Ratings downgraded Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Finally, Wells Fargo & Company cut their target price on Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and an average target price of $13.28.

Douglas Emmett Price Performance

Shares of DEI opened at $10.11 on Friday. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 112.35, a price-to-earnings-growth ratio of 4.53 and a beta of 1.12. Douglas Emmett, Inc. has a twelve month low of $9.29 and a twelve month high of $17.42. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 1.60. The company has a 50 day moving average of $10.60 and a two-hundred day moving average of $12.61.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Douglas Emmett had a net margin of 1.62% and a return on equity of 0.46%. The business had revenue of $249.43 million for the quarter, compared to analyst estimates of $252.91 million. During the same period in the previous year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. Douglas Emmett has set its FY 2026 guidance at 1.390-1.450 EPS. As a group, analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 7.5%. The ex-dividend date is Tuesday, March 31st. Douglas Emmett’s payout ratio is 844.44%.

Douglas Emmett Profile

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.