Hsbc Holdings PLC Sells 451,465 Shares of Douglas Emmett, Inc. $DEI

Hsbc Holdings PLC decreased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 18.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,056,688 shares of the real estate investment trust’s stock after selling 451,465 shares during the quarter. Hsbc Holdings PLC’s holdings in Douglas Emmett were worth $33,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DEI. Jefferies Financial Group Inc. grew its stake in shares of Douglas Emmett by 4,052.8% during the 1st quarter. Jefferies Financial Group Inc. now owns 682,841 shares of the real estate investment trust’s stock worth $10,925,000 after acquiring an additional 666,398 shares during the period. Northern Trust Corp grew its stake in shares of Douglas Emmett by 29.3% during the 4th quarter. Northern Trust Corp now owns 2,268,759 shares of the real estate investment trust’s stock worth $42,108,000 after acquiring an additional 514,034 shares during the period. Nuveen LLC bought a new position in Douglas Emmett in the 1st quarter worth about $7,990,000. Algert Global LLC boosted its stake in Douglas Emmett by 241.7% in the 1st quarter. Algert Global LLC now owns 682,834 shares of the real estate investment trust’s stock worth $10,925,000 after purchasing an additional 482,992 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Douglas Emmett in the 1st quarter worth about $4,938,000. Institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DEI. Scotiabank cut their target price on Douglas Emmett from $21.00 to $19.00 and set a “sector outperform” rating for the company in a research note on Monday, July 14th. Wall Street Zen upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Friday. Piper Sandler cut their target price on Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the stock a “market perform” rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company cut their target price on Douglas Emmett from $20.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.78.

Douglas Emmett Stock Performance

Shares of DEI opened at $15.5490 on Friday. The company has a market cap of $2.60 billion, a PE ratio of 70.68 and a beta of 1.26. 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 has a 50-day moving average price of $15.21 and a 200-day moving average price of $15.24. Douglas Emmett, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $252.43 million during the quarter, compared to the consensus estimate of $250.98 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, equities analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, June 30th. Douglas Emmett’s dividend payout ratio (DPR) is 345.45%.

About Douglas Emmett

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.