First Eagle Investment Management LLC Lowers Position in Douglas Emmett, Inc. $DEI

First Eagle Investment Management LLC cut its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,557,124 shares of the real estate investment trust’s stock after selling 448,346 shares during the quarter. First Eagle Investment Management LLC owned about 0.07% of Douglas Emmett worth $138,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Douglas Emmett by 18.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,684,450 shares of the real estate investment trust’s stock worth $88,507,000 after purchasing an additional 899,233 shares during the period. JPMorgan Chase & Co. lifted its stake in Douglas Emmett by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,718,393 shares of the real estate investment trust’s stock worth $26,755,000 after acquiring an additional 135,622 shares in the last quarter. Bayhunt Capital LLC acquired a new position in Douglas Emmett during the 4th quarter worth about $4,012,000. Victory Capital Management Inc. lifted its stake in Douglas Emmett by 19.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,295,210 shares of the real estate investment trust’s stock worth $35,736,000 after acquiring an additional 374,928 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in Douglas Emmett by 14.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 653,180 shares of the real estate investment trust’s stock worth $10,170,000 after acquiring an additional 82,286 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Stock Performance

Shares of DEI opened at $12.15 on Tuesday. The stock has a 50-day simple moving average of $10.13 and a 200-day simple moving average of $10.94. The company has a debt-to-equity ratio of 1.62, a quick ratio of 3.33 and a current ratio of 2.63. The stock has a market capitalization of $2.03 billion, a PE ratio of -71.44, a PEG ratio of 5.55 and a beta of 1.14. Douglas Emmett, Inc. has a 1 year low of $9.04 and a 1 year high of $16.99.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $250.96 million during the quarter, compared to analysts’ expectations of $251.11 million. Douglas Emmett had a negative return on equity of 0.74% and a negative net margin of 2.59%.The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.45 EPS. On average, analysts predict that Douglas Emmett, Inc. will post 1.41 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Tuesday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently -447.06%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DEI. Cantor Fitzgerald increased their target price on Douglas Emmett from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday. UBS Group lowered Douglas Emmett to a “sector perform” rating in a research note on Wednesday, January 14th. Evercore set a $12.00 target price on Douglas Emmett in a research note on Wednesday, February 11th. Citigroup increased their target price on Douglas Emmett from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Scotiabank decreased their target price on Douglas Emmett from $12.50 to $11.50 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Douglas Emmett has an average rating of “Hold” and a consensus target price of $13.31.

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.