Wall Street Zen cut shares of Douglas Elliman (NYSE:DOUG – Free Report) from a hold rating to a sell rating in a research note published on Saturday morning.
Separately, Weiss Ratings lowered Douglas Elliman from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on DOUG
Douglas Elliman Stock Performance
Douglas Elliman (NYSE:DOUG – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.14) EPS for the quarter. The company had revenue of $214.33 million for the quarter. Douglas Elliman had a net margin of 0.50% and a negative return on equity of 20.59%.
Institutional Investors Weigh In On Douglas Elliman
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Douglas Elliman by 2.5% in the third quarter. Vanguard Group Inc. now owns 4,183,114 shares of the company’s stock valued at $11,964,000 after buying an additional 100,734 shares during the period. Moerus Capital Management LLC lifted its stake in shares of Douglas Elliman by 5.7% in the first quarter. Moerus Capital Management LLC now owns 3,092,490 shares of the company’s stock valued at $5,072,000 after buying an additional 166,500 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Douglas Elliman by 36.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,474,443 shares of the company’s stock valued at $7,077,000 after buying an additional 662,603 shares during the period. Portolan Capital Management LLC lifted its stake in shares of Douglas Elliman by 28.5% in the third quarter. Portolan Capital Management LLC now owns 2,353,950 shares of the company’s stock valued at $6,732,000 after buying an additional 521,959 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Douglas Elliman by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,749,768 shares of the company’s stock valued at $4,148,000 after buying an additional 7,411 shares during the period. 59.56% of the stock is owned by institutional investors and hedge funds.
About Douglas Elliman
Douglas Elliman (NYSE: DOUG) is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.
The company’s core business activities include residential brokerage, new development marketing, and property management.
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