829,582 Shares in Douglas Emmett, Inc. $DEI Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 829,582 shares of Douglas Emmett during the second quarter, worth approximately $9.8 million and representing a 0.50% stake. Institutional investors and hedge funds collectively own 97.37% of the REIT.
• Analysts maintain a generally neutral outlook: Douglas Emmett has an average “Hold” rating and a consensus price target of $13.57, compared with shares opening at $9.82.
• The company declared a quarterly dividend of $0.19 per share, equivalent to an annualized $0.76 payout and a 7.7% yield. Its latest quarterly earnings missed estimates, although revenue rose 2% year over year.

Bank of America Corp DE bought a new stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 829,582 shares of the real estate investment trust's stock, valued at approximately $9,789,000. Bank of America Corp DE owned 0.50% of Douglas Emmett at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Freestone Grove Partners LP acquired a new position in shares of Douglas Emmett during the second quarter valued at approximately $598,000. Man Group plc bought a new stake in shares of Douglas Emmett in the 2nd quarter worth $276,000. Jupiter Topco LLC acquired a new stake in shares of Douglas Emmett in the second quarter valued at $789,000. Hsbc Holdings PLC acquired a new stake in shares of Douglas Emmett in the second quarter valued at $26,308,000. Finally, Palisade Capital Management LP acquired a new stake in shares of Douglas Emmett in the second quarter valued at $1,019,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DEI shares. JPMorgan Chase & Co. boosted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 9th. Weiss Ratings raised shares of Douglas Emmett from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, July 23rd. Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Evercore set a $14.00 target price on shares of Douglas Emmett in a report on Monday, June 8th. Finally, Cantor Fitzgerald increased their target price on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Douglas Emmett has an average rating of "Hold" and an average price target of $13.57.

Douglas Emmett Stock Performance

Shares of NYSE DEI opened at $9.82 on Friday. The stock's fifty day simple moving average is $11.41 and its 200 day simple moving average is $11.20. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -65.47, a PEG ratio of 3.85 and a beta of 1.15. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.63. Douglas Emmett, Inc. has a 52-week low of $9.04 and a 52-week high of $15.83.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.38). The company had revenue of $256.55 million for the quarter, compared to analysts' expectations of $253.35 million. Douglas Emmett had a negative net margin of 2.27% and a negative return on equity of 0.66%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. As a group, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.41 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 7.7%. Douglas Emmett's dividend payout ratio is currently -506.67%.

Douglas Emmett Profile

Douglas Emmett, Inc NYSE: DEI is a self-administered and self-managed real estate investment trust that owns, develops, acquires and operates office and multifamily properties. The company focuses primarily on high-quality, strategically located properties in supply-constrained markets.

Its office portfolio is concentrated in Los Angeles, including the Westside and neighboring submarkets, while its multifamily properties are located in Los Angeles and Honolulu. The company's properties serve a range of businesses and residential tenants, with an emphasis on well-located Class A office buildings and apartment communities.

Douglas Emmett was founded in 1971 and became a publicly traded company in 2006.

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