Algert Global LLC Has $10.93 Million Stock Position in Douglas Emmett, Inc. $DEI

Key Points

• Algert Global LLC increased its stake in Douglas Emmett, Inc. (NYSE:DEI) by 241.7%, acquiring a total of 682,834 shares valued at approximately $10.9 million.
• Jefferies Financial Group also significantly raised its holdings in DEI by 4,052.8%, owning similar shares valued at the same amount.
• The current consensus rating for Douglas Emmett is "Hold" with a price target of $17.78, according to research analysts.

Algert Global LLC grew its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 241.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 682,834 shares of the real estate investment trust's stock after acquiring an additional 482,992 shares during the period. Algert Global LLC owned about 0.41% of Douglas Emmett worth $10,925,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Douglas Emmett by 203.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 1,964 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in Douglas Emmett during the fourth quarter worth $56,000. Wolverine Asset Management LLC bought a new position in Douglas Emmett during the first quarter worth $88,000. Sterling Capital Management LLC raised its stake in Douglas Emmett by 808.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock worth $94,000 after buying an additional 4,529 shares during the last quarter. Finally, KBC Group NV raised its stake in Douglas Emmett by 39.6% during the first quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock worth $155,000 after buying an additional 2,743 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DEI shares. Piper Sandler lowered their target price on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Wall Street Zen downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the stock a "market perform" rating in a research note on Wednesday, July 16th. Scotiabank lowered their target price on shares of 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. Finally, Wells Fargo & Company lowered their target price on shares of 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 research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Douglas Emmett currently has a consensus rating of "Hold" and an average target price of $17.78.

Douglas Emmett Stock Up 5.3%

DEI traded up $0.7850 during midday trading on Friday, hitting $15.5750. The company had a trading volume of 670,144 shares, compared to its average volume of 1,903,595. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 70.80 and a beta of 1.26. The stock's 50 day moving average price is $15.20 and its 200 day moving average price is $15.26.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The business's revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued 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 currently 345.45%.

Douglas Emmett Company 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.