Handelsbanken Fonder AB Trims Holdings in Douglas Emmett, Inc. $DEI

Handelsbanken Fonder AB reduced its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 28.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 50,660 shares of the real estate investment trust’s stock after selling 20,300 shares during the period. Handelsbanken Fonder AB’s holdings in Douglas Emmett were worth $762,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of DEI. Nomura Asset Management Co. Ltd. boosted its stake in shares of Douglas Emmett by 3.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 239,700 shares of the real estate investment trust’s stock worth $3,605,000 after buying an additional 7,800 shares during the period. Cetera Investment Advisers increased its position in Douglas Emmett by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 12,220 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 766 shares during the period. Creative Planning raised its stake in Douglas Emmett by 6.7% during the 2nd quarter. Creative Planning now owns 21,024 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 1,317 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Douglas Emmett by 3.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 95,214 shares of the real estate investment trust’s stock worth $1,432,000 after acquiring an additional 2,919 shares during the period. Finally, Davis Selected Advisers lifted its position in Douglas Emmett by 2.9% during the 2nd quarter. Davis Selected Advisers now owns 276,750 shares of the real estate investment trust’s stock worth $4,162,000 after acquiring an additional 7,930 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DEI shares. Jefferies Financial Group reissued a “hold” rating on shares of Douglas Emmett in a report on Tuesday, November 11th. Wall Street Zen cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Piper Sandler downgraded shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $14.00 in a research report on Thursday, November 6th. Cantor Fitzgerald lowered their target price on shares of Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.00.

Douglas Emmett Trading Down 0.6%

NYSE:DEI opened at $12.19 on Friday. Douglas Emmett, Inc. has a 1 year low of $11.43 and a 1 year high of $20.50. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. The stock has a fifty day moving average price of $13.43 and a two-hundred day moving average price of $14.63. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 55.41 and a beta of 1.28.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $250.58 million for the quarter, compared to analysts’ expectations of $252.73 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Tuesday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently 633.33%.

Douglas Emmett 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.