First Trust Advisors LP Raises Position in Douglas Emmett, Inc. $DEI

First Trust Advisors LP increased its position in Douglas Emmett, Inc. (NYSE:DEI) by 161.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 333,361 shares of the real estate investment trust’s stock after acquiring an additional 205,778 shares during the period. First Trust Advisors LP’s holdings in Douglas Emmett were worth $3,140,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in Douglas Emmett by 34.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,666 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,988 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Douglas Emmett by 6.8% during the first quarter. Simon Quick Advisors LLC now owns 51,697 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 3,276 shares during the last quarter. Bessemer Group Inc. lifted its position in Douglas Emmett by 38.1% during the first quarter. Bessemer Group Inc. now owns 589,506 shares of the real estate investment trust’s stock valued at $5,553,000 after purchasing an additional 162,537 shares during the period. Calamos Wealth Management LLC bought a new position in Douglas Emmett during the first quarter valued at approximately $289,000. Finally, Calamos Advisors LLC purchased a new stake in Douglas Emmett in the first quarter worth approximately $289,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Stock Down 2.8%

Shares of DEI opened at $11.47 on Friday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -76.46, a price-to-earnings-growth ratio of 6.14 and a beta of 1.15. The business’s 50 day simple moving average is $12.05 and its 200-day simple moving average is $11.00. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.60 and a quick ratio of 2.63. Douglas Emmett, Inc. has a 1 year low of $9.04 and a 1 year high of $16.99.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.38). Douglas Emmett had a negative return on equity of 0.66% and a negative net margin of 2.27%.The business had revenue of $256.55 million during the quarter, compared to analysts’ expectations of $253.35 million. During the same period in the previous year, the business earned $0.37 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. As a group, equities analysts expect that Douglas Emmett, Inc. will post 1.41 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.19 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 6.6%. Douglas Emmett’s dividend payout ratio (DPR) is currently -447.06%.

Analyst Upgrades and Downgrades

DEI has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Douglas Emmett from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Wall Street Zen cut Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Evercore set a $14.00 price target on shares of Douglas Emmett in a research report on Monday, June 8th. Citigroup raised their price objective on shares of Douglas Emmett from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Piper Sandler upped their target price on shares of Douglas Emmett from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. One equities 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.57.

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.