Fox Run Management L.L.C. Takes $374,000 Position in Douglas Emmett, Inc. $DEI

Fox Run Management L.L.C. bought a new position in Douglas Emmett, Inc. (NYSE:DEI) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 24,874 shares of the real estate investment trust’s stock, valued at approximately $374,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Douglas Emmett during the 1st quarter valued at $30,000. Brooklyn Investment Group boosted its stake in Douglas Emmett by 9,036.1% during the first quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 3,253 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in Douglas Emmett during the first quarter valued at $76,000. Wolverine Asset Management LLC purchased a new stake in shares of Douglas Emmett in the first quarter valued at $88,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of Douglas Emmett by 18.9% in the second quarter. Raleigh Capital Management Inc. now owns 6,130 shares of the real estate investment trust’s stock valued at $92,000 after acquiring an additional 975 shares during the period. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DEI shares. Wall Street Zen cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Cantor Fitzgerald decreased their price objective on shares of Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group restated a “hold” rating on shares of Douglas Emmett in a research report on Tuesday. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the company a “market perform” rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company raised their price target on Douglas Emmett from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.00.

Douglas Emmett Price Performance

Douglas Emmett stock opened at $11.98 on Thursday. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 54.43 and a beta of 1.28. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49. Douglas Emmett, Inc. has a 1 year low of $11.86 and a 1 year high of $20.50. The firm has a 50-day moving average of $14.53 and a two-hundred day moving average of $14.84.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The business had revenue of $250.58 million for the quarter, compared to analyst estimates of $252.73 million. During the same period last year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up .0% 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 forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 6.3%. Douglas Emmett’s payout ratio is 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.