First Trust Advisors LP Boosts Stake in Douglas Emmett, Inc. $DEI

First Trust Advisors LP lifted its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 161.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 333,361 shares of the real estate investment trust’s stock after acquiring an additional 205,778 shares during the period. First Trust Advisors LP owned approximately 0.20% of Douglas Emmett worth $3,140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Douglas Emmett by 1.0% in the second quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust’s stock valued at $148,593,000 after acquiring an additional 100,396 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Douglas Emmett by 2.5% in the 4th quarter. Wellington Management Group LLP now owns 7,142,978 shares of the real estate investment trust’s stock worth $78,501,000 after purchasing an additional 171,208 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Douglas Emmett by 650.5% in the 4th quarter. Millennium Management LLC now owns 5,607,861 shares of the real estate investment trust’s stock worth $61,630,000 after purchasing an additional 4,860,682 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Douglas Emmett by 10.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,310,925 shares of the real estate investment trust’s stock valued at $58,367,000 after purchasing an additional 506,108 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Douglas Emmett by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 4,291,907 shares of the real estate investment trust’s stock valued at $47,174,000 after purchasing an additional 23,653 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Stock Performance

NYSE:DEI opened at $11.47 on Friday. The company has a quick ratio of 2.63, a current ratio of 2.60 and a debt-to-equity ratio of 1.63. The firm’s fifty day simple moving average is $12.05 and its 200 day simple moving average is $11.00. The stock has a market cap of $1.92 billion, a P/E ratio of -76.46, a price-to-earnings-growth ratio of 6.14 and a beta of 1.15. Douglas Emmett, Inc. has a twelve month low of $9.04 and a twelve month high of $16.99.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.38). Douglas Emmett had a negative return on equity of 0.66% and a negative net margin of 2.27%.The company had revenue of $256.55 million during the quarter, compared to the consensus estimate of $253.35 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. As a group, research analysts predict that Douglas Emmett, Inc. will post 1.41 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Douglas Emmett’s dividend payout ratio is presently -447.06%.

Analyst Ratings Changes

A number of brokerages recently weighed in on DEI. Scotiabank raised their price objective on Douglas Emmett from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 23rd. Piper Sandler boosted their price objective on shares of Douglas Emmett from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Cantor Fitzgerald increased their target price on shares of Douglas Emmett from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Wells Fargo & Company lifted their target price on shares of Douglas Emmett from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Douglas Emmett currently has an average rating of “Hold” and a consensus price target of $13.57.

About Douglas Emmett

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.