Bayhunt Capital LLC Acquires Shares of 365,026 Douglas Emmett, Inc. $DEI

Key Points

• Bayhunt Capital acquired 365,026 shares of Douglas Emmett (~$4.01M) in Q4, making DEI its 18th-largest holding and representing about 0.22% of the company's shares at quarter-end.
• Douglas Emmett declared a $0.19 quarterly dividend (annualized $0.76), implying a ~7.9% yield, but the payout ratio is an extremely high 844%, which raises concerns about sustainability.
• Multiple analysts have cut targets and ratings, leaving DEI with a consensus "Hold" and a $12.94 average price target while the stock trades near $9.68.

Bayhunt Capital LLC acquired a new stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 365,026 shares of the real estate investment trust's stock, valued at approximately $4,012,000. Douglas Emmett makes up about 2.2% of Bayhunt Capital LLC's holdings, making the stock its 18th biggest position. Bayhunt Capital LLC owned 0.22% of Douglas Emmett at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Douglas Emmett by 220.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 1,166 shares in the last quarter. Westside Investment Management Inc. lifted its stake in Douglas Emmett by 100.0% during the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 920 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Douglas Emmett during the third quarter valued at about $32,000. Hantz Financial Services Inc. lifted its stake in Douglas Emmett by 448.3% during the third quarter. Hantz Financial Services Inc. now owns 2,621 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 2,143 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Douglas Emmett by 24.8% during the third quarter. Smartleaf Asset Management LLC now owns 5,320 shares of the real estate investment trust's stock valued at $83,000 after buying an additional 1,056 shares in the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DEI has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of Douglas Emmett from $14.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, February 17th. UBS Group lowered shares of Douglas Emmett to a "sector perform" rating in a research note on Wednesday, January 14th. Scotiabank reduced their price objective on shares of Douglas Emmett from $12.50 to $11.50 and set a "sector perform" rating for the company in a research note on Monday, March 2nd. Weiss Ratings lowered shares of Douglas Emmett from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, January 12th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $11.00 price target on shares of Douglas Emmett in a research report on Monday, January 5th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $12.94.

Douglas Emmett Price Performance

NYSE DEI opened at $9.68 on Friday. The company has a 50 day simple moving average of $9.90 and a 200-day simple moving average of $11.46. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.33 and a quick ratio of 3.33. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 107.51, a price-to-earnings-growth ratio of 4.35 and a beta of 1.11. Douglas Emmett, Inc. has a 52-week low of $9.04 and a 52-week high of $16.99.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.35. The business had revenue of $249.43 million during the quarter, compared to analyst estimates of $252.91 million. Douglas Emmett had a net margin of 1.62% and a return on equity of 0.46%. The firm's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Douglas Emmett has set its FY 2026 guidance at 1.390-1.450 EPS. Equities research analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Tuesday, March 31st. Douglas Emmett's dividend payout ratio is 844.44%.

Douglas Emmett Company Profile

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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