2,336,573 Shares in Douglas Emmett, Inc. $DEI Bought by Legal & General Group Plc

Legal & General Group Plc bought a new position in Douglas Emmett, Inc. (NYSE:DEI) during the second quarter, HoldingsChannel.com reports. The fund bought 2,336,573 shares of the real estate investment trust’s stock, valued at approximately $27,572,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Douglas Emmett in the second quarter valued at $287,803,000. State Street Corp boosted its holdings in shares of 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 purchasing an additional 100,396 shares during the period. Wellington Management Group LLP lifted 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 buying an additional 171,208 shares during the period. Millennium Management LLC lifted its stake in Douglas Emmett by 650.5% in the fourth quarter. Millennium Management LLC now owns 5,607,861 shares of the real estate investment trust’s stock worth $61,630,000 after acquiring an additional 4,860,682 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Douglas Emmett by 10.5% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DEI. Evercore set a $14.00 price objective on Douglas Emmett in a research report on Monday, June 8th. Scotiabank upped their target price on Douglas Emmett from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Wall Street Zen raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Piper Sandler lifted their price objective on Douglas Emmett from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.71.

Douglas Emmett Stock Performance

Shares of NYSE:DEI opened at $11.80 on Friday. Douglas Emmett, Inc. has a 1 year low of $9.04 and a 1 year high of $16.99. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.60 and a quick ratio of 2.60. The business’s 50 day moving average price is $11.98 and its 200-day moving average price is $11.13. The firm has a market capitalization of $1.98 billion, a PE ratio of -78.66, a P/E/G ratio of 5.28 and a beta of 1.15.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $256.55 million for the quarter, compared to analysts’ expectations of $253.35 million. During the same period in the previous year, the company earned $0.37 EPS. Douglas Emmett’s quarterly revenue 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, equities research analysts expect that Douglas Emmett, Inc. will post 1.41 earnings per share for the current fiscal year.

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.