Douglas Emmett, Inc. $DEI Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 6.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,189,947 shares of the real estate investment trust’s stock after selling 156,130 shares during the period. Legal & General Group Plc owned about 1.31% of Douglas Emmett worth $32,937,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cetera Investment Advisers lifted its holdings in shares of Douglas Emmett by 6.7% during the second quarter. Cetera Investment Advisers now owns 12,220 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 766 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Douglas Emmett by 3.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 25,430 shares of the real estate investment trust’s stock worth $382,000 after purchasing an additional 952 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in Douglas Emmett by 18.9% during the 2nd quarter. Raleigh Capital Management Inc. now owns 6,130 shares of the real estate investment trust’s stock worth $92,000 after buying an additional 975 shares during the period. Raymond James Financial Inc. lifted its stake in Douglas Emmett by 0.3% during the first quarter. Raymond James Financial Inc. now owns 422,923 shares of the real estate investment trust’s stock valued at $6,767,000 after buying an additional 1,107 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in shares of Douglas Emmett by 2.8% in the second quarter. Simon Quick Advisors LLC now owns 48,624 shares of the real estate investment trust’s stock worth $731,000 after buying an additional 1,303 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

Shares of DEI opened at $12.27 on Thursday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 55.78 and a beta of 1.28. The company’s fifty day moving average is $13.59 and its 200-day moving average is $14.67. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. Douglas Emmett, Inc. has a 12 month low of $11.43 and a 12 month high of $20.50.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm had revenue of $250.58 million for the quarter, compared to the consensus estimate of $252.73 million. During the same period in the prior year, the business posted $0.43 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.2%. Douglas Emmett’s dividend payout ratio is currently 633.33%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler lowered shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and cut their price target for the company from $19.00 to $14.00 in a report on Thursday, November 6th. Wells Fargo & Company lowered their price objective on shares of Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday. Scotiabank reduced their target price on Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating for the company in a report on Monday, November 17th. Wall Street Zen cut Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Finally, Cantor Fitzgerald dropped their price target on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $16.00.

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.