Bamco Inc. NY acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 124,363 shares of the real estate investment trust's stock, valued at approximately $1,467,000. Bamco Inc. NY owned 0.07% of Douglas Emmett as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE acquired a new stake in shares of Douglas Emmett in the second quarter valued at about $9,789,000. Freestone Grove Partners LP purchased a new stake in shares of Douglas Emmett during the 2nd quarter valued at about $598,000. Man Group plc acquired a new position in Douglas Emmett during the 2nd quarter worth approximately $276,000. Jupiter Topco LLC acquired a new position in Douglas Emmett during the 2nd quarter worth approximately $789,000. Finally, Hsbc Holdings PLC acquired a new position in Douglas Emmett during the 2nd quarter worth approximately $26,308,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.
Douglas Emmett Price Performance
DEI opened at $11.90 on Friday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.63. The company's 50-day moving average price is $11.97 and its 200 day moving average price is $11.12. Douglas Emmett, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $16.99. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of -79.36, a price-to-earnings-growth ratio of 5.36 and a beta of 1.15.
Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.38). The company had revenue of $256.55 million for the quarter, compared to analyst estimates of $253.35 million. Douglas Emmett had a negative return on equity of 0.66% and a negative net margin of 2.27%.The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 expect that Douglas Emmett, Inc. will post 1.41 earnings per share for the current year.
Analyst Upgrades and Downgrades
DEI has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Douglas Emmett from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. Weiss Ratings raised Douglas Emmett from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, July 23rd. Cantor Fitzgerald increased their target price on Douglas Emmett from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Evercore set a $14.00 price target on shares of Douglas Emmett in a research report on Monday, June 8th. Finally, Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.71.
View Our Latest Report on Douglas Emmett
About Douglas Emmett
(
Free Report)
Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.
The company's office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.
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