First Pacific Advisors LP Sells 990 Shares of Douglas Emmett, Inc. $DEI

First Pacific Advisors LP trimmed its position in Douglas Emmett, Inc. (NYSE:DEI) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 5,334,173 shares of the real estate investment trust’s stock after selling 990 shares during the quarter. Douglas Emmett makes up about 1.1% of First Pacific Advisors LP’s investment portfolio, making the stock its 28th biggest holding. First Pacific Advisors LP’s holdings in Douglas Emmett were worth $80,226,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its stake in shares of Douglas Emmett by 3.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 25,430 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 952 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Douglas Emmett in the 2nd quarter valued at $3,901,000. Envestnet Asset Management Inc. lifted its stake in shares of Douglas Emmett by 21.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 80,559 shares of the real estate investment trust’s stock valued at $1,212,000 after purchasing an additional 14,342 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Douglas Emmett by 6.1% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 217,506 shares of the real estate investment trust’s stock valued at $3,271,000 after purchasing an additional 12,576 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Douglas Emmett by 4.3% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 188,718 shares of the real estate investment trust’s stock valued at $2,838,000 after purchasing an additional 7,781 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock opened at $13.20 on Wednesday. The company has a market capitalization of $2.21 billion, a PE ratio of 60.00 and a beta of 1.30. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 1.55. The stock’s fifty day simple moving average is $15.26 and its 200 day simple moving average is $14.95.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The business had revenue of $252.43 million for the quarter, compared to the consensus estimate of $250.98 million. During the same quarter last year, the business posted $0.46 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, research analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 5.8%. Douglas Emmett’s dividend payout ratio (DPR) is currently 345.45%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DEI shares. Cantor Fitzgerald started coverage on Douglas Emmett in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $16.00 price target on the stock. Wall Street Zen downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Wells Fargo & Company increased 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. BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the company a “market perform” rating in a research note on Wednesday, July 16th. Finally, Jefferies Financial Group raised Douglas Emmett to a “hold” rating in a research note on Monday, October 13th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Douglas Emmett currently has a consensus rating of “Hold” and a consensus price target of $18.25.

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.