Readystate Asset Management LP Acquires New Position in Douglas Emmett, Inc. $DEI

Readystate Asset Management LP acquired a new stake in Douglas Emmett, Inc. (NYSE:DEI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 98,402 shares of the real estate investment trust’s stock, valued at approximately $1,161,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Douglas Emmett by 220.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,166 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Douglas Emmett during the third quarter worth $32,000. Transamerica Financial Advisors LLC purchased a new stake in shares of Douglas Emmett during the second quarter worth $38,000. Nykredit A S acquired a new stake in Douglas Emmett during the second quarter valued at $42,000. Finally, Hantz Financial Services Inc. boosted its position in Douglas Emmett by 98.7% during the fourth quarter. Hantz Financial Services Inc. now owns 5,209 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 2,588 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

Shares of NYSE:DEI opened at $11.41 on Tuesday. Douglas Emmett, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $16.99. The business has a 50-day moving average of $11.94 and a two-hundred day moving average of $11.18. The stock has a market capitalization of $1.91 billion, a P/E ratio of -76.06, a P/E/G ratio of 5.13 and a beta of 1.15. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.60 and a quick ratio of 2.60.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.38). Douglas Emmett had a negative net margin of 2.27% and a negative return on equity of 0.66%. The company had revenue of $256.55 million for the quarter, compared to analyst estimates of $253.35 million. During the same period in the prior year, the company posted $0.37 EPS. The business’s revenue was up 2.0% on a year-over-year basis. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. On average, equities research analysts predict that Douglas Emmett, Inc. will post 1.41 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.7%. The ex-dividend date is Wednesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is -506.67%.

Analysts Set New Price Targets

Several research analysts have weighed in on DEI shares. Scotiabank upped their target price on Douglas Emmett from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Cantor Fitzgerald boosted their price target on Douglas Emmett from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Wells Fargo & Company raised their price objective on shares of Douglas Emmett from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Evercore set a $14.00 target price on shares of Douglas Emmett in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.71.

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.