Alyeska Investment Group L.P. Invests $16.80 Million in Douglas Emmett, Inc. $DEI

Key Points

• Alyeska Investment Group L.P. has invested approximately $16.80 million in Douglas Emmett, Inc., acquiring over 1 million shares during the first quarter.
• The stock's consensus rating is currently a "Hold" with a target price of $18.11, while various analysts have set price targets ranging from $17.00 to $20.00.
• Douglas Emmett's recent quarterly revenue increased by 2.4% year-over-year, with earnings per share matching analysts' expectations at $0.37.

Alyeska Investment Group L.P. acquired a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,049,856 shares of the real estate investment trust's stock, valued at approximately $16,798,000. Alyeska Investment Group L.P. owned approximately 0.63% of Douglas Emmett as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DEI. Principal Financial Group Inc. boosted its stake in shares of Douglas Emmett by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 833,426 shares of the real estate investment trust's stock valued at $13,335,000 after buying an additional 21,771 shares during the period. Bank of America Corp DE increased its stake in shares of Douglas Emmett by 42.5% in the fourth quarter. Bank of America Corp DE now owns 609,662 shares of the real estate investment trust's stock worth $11,315,000 after acquiring an additional 181,909 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Douglas Emmett during the first quarter worth $392,000. KBC Group NV boosted its position 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 valued at $155,000 after purchasing an additional 2,743 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Douglas Emmett in the first quarter valued at about $1,219,000. Institutional investors and hedge funds own 97.37% of the company's stock.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock traded up $0.34 on Friday, reaching $16.91. The stock had a trading volume of 1,603,087 shares, compared to its average volume of 1,287,451. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. The business's 50-day moving average price is $15.46 and its two-hundred day moving average price is $15.15. The stock has a market cap of $2.83 billion, a P/E ratio of 76.85 and a beta of 1.32. Douglas Emmett, Inc. has a fifty-two week low of $12.39 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its 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 business had revenue of $252.43 million for the quarter, compared to analyst estimates of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. Douglas Emmett's revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.5%. Douglas Emmett's payout ratio is presently 345.45%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Scotiabank dropped 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. Wells Fargo & Company boosted their price target on Douglas Emmett from $16.00 to $20.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Piper Sandler cut their price objective on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Wall Street Zen cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Finally, 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 report on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $18.11.

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.