Douglas Emmett, Inc. $DEI Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC grew its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 30.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,667 shares of the real estate investment trust’s stock after purchasing an additional 6,450 shares during the period. Metis Global Partners LLC’s holdings in Douglas Emmett were worth $416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new position in Douglas Emmett during the 1st quarter valued at about $30,000. Brooklyn Investment Group grew its stake in shares of Douglas Emmett by 9,036.1% during the first quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 3,253 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Douglas Emmett during the first quarter valued at about $76,000. Wolverine Asset Management LLC acquired a new position in shares of Douglas Emmett during the first quarter valued at about $88,000. Finally, Raleigh Capital Management Inc. raised its position in shares of Douglas Emmett by 18.9% in the 2nd quarter. Raleigh Capital Management Inc. now owns 6,130 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 975 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Trading Down 0.3%

Shares of Douglas Emmett stock opened at $11.98 on Thursday. The stock has a market cap of $2.01 billion, a PE ratio of 54.43 and a beta of 1.28. The firm has a fifty day moving average price of $14.53 and a 200 day moving average price of $14.84. Douglas Emmett, Inc. has a 1 year low of $11.86 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.

Douglas Emmett (NYSE:DEI) last posted 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. The company had revenue of $250.58 million for the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities research analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is 633.33%.

Wall Street Analysts Forecast Growth

DEI has been the topic of several research analyst reports. Jefferies Financial Group reissued a “hold” rating on shares of Douglas Emmett in a research report on Tuesday. Piper Sandler lowered shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $19.00 to $14.00 in a report on Thursday, November 6th. Weiss Ratings lowered Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Wells Fargo & Company boosted their price target on Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Cantor Fitzgerald cut their price objective on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.00.

About Douglas Emmett

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.