BlackRock Inc. acquired a new position in shares of Douglas Elliman Inc. (NYSE:DOUG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,358,170 shares of the company's stock, valued at approximately $9,484,000. BlackRock Inc. owned approximately 5.89% of Douglas Elliman at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the stock. Walleye Capital LLC acquired a new position in shares of Douglas Elliman in the second quarter valued at approximately $29,000. Virtu Financial LLC acquired a new stake in Douglas Elliman during the fourth quarter worth approximately $36,000. Kanen Wealth Management LLC purchased a new stake in Douglas Elliman in the 1st quarter worth approximately $25,000. Alliancebernstein L.P. purchased a new stake in Douglas Elliman in the 3rd quarter worth approximately $45,000. Finally, EntryPoint Capital LLC acquired a new position in Douglas Elliman in the 4th quarter valued at $40,000. 59.56% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on DOUG shares. Weiss Ratings raised Douglas Elliman from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 19th. Wall Street Zen raised shares of Douglas Elliman from a "sell" rating to a "buy" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".
Get Our Latest Analysis on DOUG
Douglas Elliman Stock Performance
Douglas Elliman stock opened at $1.81 on Friday. Douglas Elliman Inc. has a 1 year low of $1.53 and a 1 year high of $3.19. The firm's 50-day moving average is $1.85 and its 200-day moving average is $1.87. The company has a market cap of $164.51 million, a P/E ratio of 10.65 and a beta of 1.87.
Douglas Elliman (NYSE:DOUG - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $283.45 million during the quarter. Douglas Elliman had a negative return on equity of 19.16% and a net margin of 2.47%.
Douglas Elliman Profile
(
Free Report)
Douglas Elliman NYSE: DOUG is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.
The company's core business activities include residential brokerage, new development marketing, and property management.
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