The Manufacturers Life Insurance Company Makes New Investment in Douglas Emmett, Inc. $DEI

The Manufacturers Life Insurance Company bought a new position in Douglas Emmett, Inc. (NYSE:DEI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 81,199 shares of the real estate investment trust’s stock, valued at approximately $958,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DEI. Cetera Investment Advisers increased its stake in shares of Douglas Emmett by 6.7% during the second quarter. Cetera Investment Advisers now owns 12,220 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 766 shares during the period. California State Teachers Retirement System lifted its position in Douglas Emmett by 0.5% in the second quarter. California State Teachers Retirement System now owns 154,385 shares of the real estate investment trust’s stock valued at $2,322,000 after purchasing an additional 819 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Douglas Emmett by 220.8% in 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 purchasing an additional 1,166 shares in the last quarter. Creative Planning boosted its holdings in Douglas Emmett by 6.7% in the 2nd quarter. Creative Planning now owns 21,024 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Frazier Financial Advisors LLC boosted its holdings in Douglas Emmett by 47.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 5,456 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,745 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Up 1.2%

Shares of Douglas Emmett stock opened at $11.41 on Friday. Douglas Emmett, Inc. has a 12-month low of $9.04 and a 12-month high of $16.99. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.63. The stock has a market cap of $1.91 billion, a PE ratio of -76.06, a price-to-earnings-growth ratio of 5.13 and a beta of 1.15. The company has a 50-day moving average of $11.95 and a two-hundred day moving average of $11.17.

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

Douglas Emmett Dividend Announcement

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

Analyst Ratings Changes

DEI has been the subject of a number of analyst reports. Piper Sandler increased their target price on Douglas Emmett from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald lifted 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. Wall Street Zen raised Douglas Emmett from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Evercore set a $14.00 price objective on Douglas Emmett in a research report on Monday, June 8th. Finally, Citigroup raised their target price on Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.71.

About Douglas Emmett

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.