Resona Asset Management Co. Ltd. Has $1.03 Million Stock Position in Douglas Emmett, Inc. $DEI

Resona Asset Management Co. Ltd. lessened its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 7.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 67,512 shares of the real estate investment trust’s stock after selling 5,392 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Douglas Emmett were worth $1,025,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DEI. Price T Rowe Associates Inc. MD boosted its holdings in shares of Douglas Emmett by 13.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,195,729 shares of the real estate investment trust’s stock worth $67,134,000 after buying an additional 492,997 shares during the period. Northern Trust Corp boosted its stake in Douglas Emmett by 1.1% in the 1st quarter. Northern Trust Corp now owns 2,293,354 shares of the real estate investment trust’s stock worth $36,694,000 after purchasing an additional 24,595 shares during the period. Bank of New York Mellon Corp grew its position in Douglas Emmett by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,866,279 shares of the real estate investment trust’s stock worth $28,069,000 after purchasing an additional 181,418 shares in the last quarter. Victory Capital Management Inc. raised its stake in Douglas Emmett by 9.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,747,751 shares of the real estate investment trust’s stock valued at $27,964,000 after purchasing an additional 153,842 shares during the period. Finally, First Manhattan CO. LLC. raised its stake in Douglas Emmett by 4.0% during the 1st quarter. First Manhattan CO. LLC. now owns 1,203,908 shares of the real estate investment trust’s stock valued at $19,491,000 after purchasing an additional 46,652 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DEI. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the stock a “market perform” rating in a research report on Wednesday, July 16th. Cantor Fitzgerald decreased their price objective on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Scotiabank lowered their target price on Douglas Emmett from $19.00 to $18.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 28th. Weiss Ratings cut shares of Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Finally, Piper Sandler downgraded shares of Douglas Emmett from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $14.00 in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.00.

Douglas Emmett Stock Performance

Shares of DEI stock opened at $12.22 on Tuesday. Douglas Emmett, Inc. has a fifty-two week low of $11.86 and a fifty-two week high of $20.50. The stock’s 50-day moving average is $14.70 and its two-hundred day moving average is $14.87. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49. The firm has a market cap of $2.05 billion, a P/E ratio of 55.53 and a beta of 1.28.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business 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 firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Douglas Emmett’s payout ratio is currently 633.33%.

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.