Bank of New York Mellon Corp Acquires Shares of 1,525,598 Douglas Emmett, Inc. $DEI

Key Points

• Bank of New York Mellon acquired 1,525,598 shares of Douglas Emmett worth approximately $18 million, representing about 0.91% of the REIT. Institutional investors collectively own 97.37% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating from nine analysts and an average price target of $13.71. Recent target increases placed estimates between $13 and $14.
• Douglas Emmett reported quarterly revenue of $256.55 million, slightly above estimates, but posted an adjusted loss of $0.02 per share versus expectations of $0.36 in earnings. Shares opened at $11.58, within a 52-week range of $9.04 to $16.99.

Bank of New York Mellon Corp bought a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,525,598 shares of the real estate investment trust's stock, valued at approximately $18,002,000. Bank of New York Mellon Corp owned approximately 0.91% of Douglas Emmett as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC acquired a new position in shares of Douglas Emmett in the 2nd quarter valued at approximately $130,000. Handelsbanken Fonder AB boosted its position in shares of Douglas Emmett by 42.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 72,260 shares of the real estate investment trust's stock worth $853,000 after acquiring an additional 21,600 shares in the last quarter. GAMMA Investing LLC increased its stake in Douglas Emmett by 19.5% in the second quarter. GAMMA Investing LLC now owns 11,735 shares of the real estate investment trust's stock valued at $138,000 after acquiring an additional 1,912 shares during the last quarter. Bank of America Corp DE increased its stake in Douglas Emmett by 34.6% in the first quarter. Bank of America Corp DE now owns 918,712 shares of the real estate investment trust's stock valued at $8,654,000 after acquiring an additional 236,105 shares during the last quarter. Finally, Amundi raised its position in Douglas Emmett by 2.4% during the first quarter. Amundi now owns 117,918 shares of the real estate investment trust's stock valued at $1,111,000 after purchasing an additional 2,754 shares in the last quarter. 97.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on DEI shares. Piper Sandler boosted their price target on Douglas Emmett from $11.00 to $14.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Wells Fargo & Company boosted their target price on Douglas Emmett from $13.00 to $14.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. Weiss Ratings raised shares of Douglas Emmett from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 23rd. Finally, Scotiabank raised their price target on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $13.71.

Douglas Emmett Stock Performance

NYSE:DEI opened at $11.58 on Tuesday. The stock has a market cap of $1.94 billion, a P/E ratio of -77.19, a price-to-earnings-growth ratio of 5.28 and a beta of 1.15. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.63. The stock's 50-day moving average is $11.97 and its 200-day moving average is $11.14. Douglas Emmett, Inc. has a 1-year low of $9.04 and a 1-year high of $16.99.

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

About Douglas Emmett

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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