Massachusetts Financial Services Co. MA Has $88.51 Million Stake in Douglas Emmett, Inc. $DEI

Massachusetts Financial Services Co. MA grew its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 18.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,684,450 shares of the real estate investment trust’s stock after acquiring an additional 899,233 shares during the period. Massachusetts Financial Services Co. MA owned 3.39% of Douglas Emmett worth $88,507,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of Douglas Emmett by 43.4% during the 1st quarter. Royal Bank of Canada now owns 29,746 shares of the real estate investment trust’s stock valued at $476,000 after purchasing an additional 9,007 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Douglas Emmett by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,105 shares of the real estate investment trust’s stock worth $1,538,000 after purchasing an additional 4,186 shares in the last quarter. Empowered Funds LLC lifted its stake in Douglas Emmett by 8.4% in the first quarter. Empowered Funds LLC now owns 24,086 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 1,864 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Douglas Emmett by 33.4% during the 1st quarter. Intech Investment Management LLC now owns 83,994 shares of the real estate investment trust’s stock worth $1,344,000 after buying an additional 21,035 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in shares of Douglas Emmett by 4.9% during the 2nd quarter. Sowell Financial Services LLC now owns 136,348 shares of the real estate investment trust’s stock worth $2,051,000 after buying an additional 6,420 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $10.81 on Wednesday. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.58. The firm has a fifty day simple moving average of $11.49 and a two-hundred day simple moving average of $13.74. Douglas Emmett, Inc. has a 12 month low of $10.71 and a 12 month high of $18.60. The firm has a market capitalization of $1.81 billion, a PE ratio of 90.10 and a beta of 1.14.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $250.58 million for the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a net margin of 2.22% and a return on equity of 0.62%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 7.0%. Douglas Emmett’s payout ratio is 633.33%.

Analysts Set New Price Targets

Several analysts have recently weighed in on DEI shares. Scotiabank lowered their price objective on shares of Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating for the company in a research note on Monday, November 17th. Wells Fargo & Company reduced their price target on shares of Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $11.00 price target on shares of Douglas Emmett in a research note on Monday, January 5th. JPMorgan Chase & Co. cut their price objective on shares of Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 25th. Finally, Weiss Ratings downgraded Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.00.

Douglas Emmett Profile

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.