AlphaQuest LLC Acquires Shares of 18,976 Douglas Emmett, Inc. $DEI

Key Points

• AlphaQuest LLC has invested approximately $304,000 in Douglas Emmett, Inc. by acquiring nearly 19,000 shares in the first quarter.
• Institutional investors hold 97.37% of Douglas Emmett's stock, indicating significant interest from large financial entities.
• Douglas Emmett reported earnings per share of $0.37 for the last quarter, meeting estimates, while showing a modest 2.4% year-over-year revenue growth.

AlphaQuest LLC purchased a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 18,976 shares of the real estate investment trust's stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cetera Investment Advisers increased its position in shares of Douglas Emmett by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 11,454 shares of the real estate investment trust's stock valued at $183,000 after purchasing an additional 809 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Douglas Emmett by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 25,333 shares of the real estate investment trust's stock valued at $472,000 after buying an additional 978 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Douglas Emmett by 0.3% during the 1st 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 in the last quarter. Stifel Financial Corp grew its position in shares of Douglas Emmett by 6.7% during the fourth quarter. Stifel Financial Corp now owns 18,976 shares of the real estate investment trust's stock worth $352,000 after purchasing an additional 1,193 shares in the last quarter. Finally, State of Wyoming grew its position in shares of Douglas Emmett by 5.1% during the fourth quarter. State of Wyoming now owns 29,297 shares of the real estate investment trust's stock worth $544,000 after purchasing an additional 1,428 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Piper Sandler decreased their target price on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Wells Fargo & Company boosted their target price on Douglas Emmett from $16.00 to $20.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Scotiabank decreased their target price on Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating on the stock in a research report on Thursday, August 28th. Wall Street Zen downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the stock a "market perform" rating in a research report on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $18.11.

Douglas Emmett Trading Down 0.0%

Douglas Emmett stock traded down $0.01 during midday trading on Wednesday, reaching $16.18. The stock had a trading volume of 1,295,248 shares, compared to its average volume of 1,460,565. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week high of $20.50. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 73.57 and a beta of 1.32. The company has a fifty day moving average of $15.40 and a 200 day moving average of $15.17.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The company had revenue of $252.43 million for the quarter, compared to analyst estimates of $250.98 million. During the same period in the prior year, the company posted $0.46 EPS. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

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.