Greenland Capital Management LP Decreases Stock Position in Douglas Emmett, Inc. $DEI

Greenland Capital Management LP trimmed its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 70.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,804 shares of the real estate investment trust’s stock after selling 216,855 shares during the quarter. Greenland Capital Management LP owned 0.05% of Douglas Emmett worth $1,381,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Douglas Emmett by 6.7% in the 2nd 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 last quarter. Teacher Retirement System of Texas lifted its stake in Douglas Emmett by 3.9% in the second quarter. Teacher Retirement System of Texas now owns 25,430 shares of the real estate investment trust’s stock worth $382,000 after purchasing an additional 952 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in shares of Douglas Emmett by 18.9% during 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 buying an additional 975 shares during the period. Raymond James Financial Inc. grew its stake in shares of Douglas Emmett by 0.3% during the first quarter. Raymond James Financial Inc. now owns 422,923 shares of the real estate investment trust’s stock valued at $6,767,000 after buying an additional 1,107 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in shares of Douglas Emmett by 2.8% in the second quarter. Simon Quick Advisors LLC now owns 48,624 shares of the real estate investment trust’s stock worth $731,000 after buying an additional 1,303 shares during the period. Institutional investors own 97.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DEI. Scotiabank reduced their target price on Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating on the stock in a research note on Monday. Piper Sandler downgraded shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $14.00 in a research note on Thursday, November 6th. Wells Fargo & Company boosted their price objective on shares of Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Cantor Fitzgerald reduced their target price on shares of Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Douglas Emmett in a research note on Tuesday, November 11th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.71.

Douglas Emmett Trading Up 1.0%

NYSE DEI opened at $11.68 on Thursday. Douglas Emmett, Inc. has a one year low of $11.43 and a one year high of $20.50. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 53.10 and a beta of 1.28. The company’s 50-day simple moving average is $14.05 and its two-hundred day simple moving average is $14.75.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $250.58 million during the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders 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 dividend yield of 6.5%. Douglas Emmett’s dividend payout ratio is presently 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.