Douglas Emmett, Inc. $DEI Shares Purchased by Davis Selected Advisers

Davis Selected Advisers lifted its stake in Douglas Emmett, Inc. (NYSE:DEI) by 2.9% in the second quarter, HoldingsChannel reports. The fund owned 276,750 shares of the real estate investment trust’s stock after purchasing an additional 7,930 shares during the quarter. Davis Selected Advisers’ holdings in Douglas Emmett were worth $4,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cetera Investment Advisers raised its holdings in Douglas Emmett by 7.6% during the first quarter. Cetera Investment Advisers now owns 11,454 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 809 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of 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 buying an additional 952 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Douglas Emmett by 18.9% in the second quarter. Raleigh Capital Management Inc. now owns 6,130 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 975 shares during the period. Raymond James Financial Inc. boosted 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 grew its holdings in Douglas Emmett by 2.8% during the second quarter. Simon Quick Advisors LLC now owns 48,624 shares of the real estate investment trust’s stock worth $731,000 after acquiring an additional 1,303 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DEI shares. Wall Street Zen downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Jefferies Financial Group restated a “hold” rating on shares of Douglas Emmett in a research report on Tuesday. Weiss Ratings downgraded Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Cantor Fitzgerald decreased their target price on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Scotiabank reduced their target price on Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating for the company in a report on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Douglas Emmett currently has a consensus rating of “Hold” and an average target price of $17.00.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $11.76 on Friday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 53.46 and a beta of 1.28. Douglas Emmett, Inc. has a 1-year low of $11.71 and a 1-year high of $20.50. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 1.55. The stock’s fifty day simple moving average is $14.44 and its 200-day simple moving average is $14.82.

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

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.5%. The ex-dividend date was Tuesday, September 30th. Douglas Emmett’s dividend payout ratio is currently 633.33%.

Douglas Emmett Profile

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.