BlackRock Inc. Takes $287.80 Million Position in Douglas Emmett, Inc. $DEI

BlackRock Inc. bought a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,390,075 shares of the real estate investment trust’s stock, valued at approximately $287,803,000. BlackRock Inc. owned approximately 0.15% of Douglas Emmett as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quantinno Capital Management LP lifted its holdings in shares of Douglas Emmett by 52.4% in the 1st quarter. Quantinno Capital Management LP now owns 377,327 shares of the real estate investment trust’s stock worth $3,554,000 after acquiring an additional 129,785 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Douglas Emmett during the 2nd quarter valued at $1,650,000. Centersquare Investment Management LLC grew its holdings in shares of Douglas Emmett by 54.7% during the 4th quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust’s stock valued at $27,909,000 after purchasing an additional 897,630 shares during the last quarter. Legal & General Group Plc raised its position in Douglas Emmett by 18.9% in the 4th quarter. Legal & General Group Plc now owns 2,494,659 shares of the real estate investment trust’s stock worth $27,416,000 after purchasing an additional 396,487 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Douglas Emmett by 19.1% in the first quarter. Hsbc Holdings PLC now owns 2,126,023 shares of the real estate investment trust’s stock worth $20,100,000 after purchasing an additional 341,527 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Stock Down 1.6%

NYSE:DEI opened at $11.96 on Thursday. Douglas Emmett, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $16.99. The firm has a market cap of $2.00 billion, a P/E ratio of -79.73, a P/E/G ratio of 5.45 and a beta of 1.15. The firm has a 50-day simple moving average of $11.97 and a two-hundred day simple moving average of $11.11. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.60 and a current ratio of 2.60.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Citigroup raised their price objective on Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Piper Sandler increased their target price on Douglas Emmett from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Wall Street Zen raised Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Wells Fargo & Company boosted their price objective on Douglas Emmett from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Weiss Ratings upgraded shares of Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.