Los Angeles Capital Management LLC Purchases New Holdings in Douglas Emmett, Inc. $DEI

Los Angeles Capital Management LLC acquired a new position in Douglas Emmett, Inc. (NYSE:DEI) during the 2nd quarter, HoldingsChannel reports. The fund acquired 21,205 shares of the real estate investment trust’s stock, valued at approximately $319,000.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Douglas Emmett in the first quarter valued at approximately $30,000. Brooklyn Investment Group raised its stake in Douglas Emmett by 9,036.1% in the 1st quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 3,253 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Douglas Emmett in the 1st quarter valued at $76,000. Wolverine Asset Management LLC acquired a new stake in Douglas Emmett during the 1st quarter worth $88,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Douglas Emmett by 18.9% during the second 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 in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DEI shares. Cantor Fitzgerald decreased their price target on shares of Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. 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 report on Tuesday, November 11th. Wells Fargo & Company upped their price target on Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Finally, Weiss Ratings upgraded Douglas Emmett from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and an average target price of $17.00.

Douglas Emmett Stock Performance

NYSE:DEI opened at $11.87 on Monday. The company’s 50-day moving average is $14.34 and its two-hundred day moving average is $14.81. Douglas Emmett, Inc. has a 1-year low of $11.70 and a 1-year high of $20.50. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 53.93 and a beta of 1.28.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, meeting 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 analyst estimates of $252.73 million. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. 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 year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Douglas Emmett’s dividend payout ratio is 633.33%.

Douglas Emmett Company 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.