Douglas Emmett, Inc. $DEI Shares Sold by Deutsche Bank AG

Key Points

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Deutsche Bank AG lowered its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 13.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 210,462 shares of the real estate investment trust's stock after selling 31,357 shares during the period. Deutsche Bank AG owned 0.13% of Douglas Emmett worth $3,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Douglas Emmett by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 833,426 shares of the real estate investment trust's stock worth $13,335,000 after purchasing an additional 21,771 shares during the last quarter. Bank of America Corp DE increased its position in shares of Douglas Emmett by 42.5% in the 4th quarter. Bank of America Corp DE now owns 609,662 shares of the real estate investment trust's stock worth $11,315,000 after purchasing an additional 181,909 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Douglas Emmett in the 1st quarter worth about $392,000. KBC Group NV increased its position in shares of Douglas Emmett by 39.6% in the 1st quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock worth $155,000 after purchasing an additional 2,743 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Douglas Emmett in the 1st quarter worth about $1,219,000. Institutional investors own 97.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DEI shares. Wall Street Zen upgraded shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Friday. Scotiabank dropped their price objective on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research note on Monday, July 14th. Piper Sandler dropped 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 note on Friday, May 23rd. BMO Capital Markets set a $17.00 price objective on shares of Douglas Emmett and gave the stock a "market perform" rating in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company dropped their price objective on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $17.78.

Douglas Emmett Stock Performance

NYSE DEI traded up $0.7590 on Friday, hitting $15.5490. The stock had a trading volume of 1,689,857 shares, compared to its average volume of 1,620,543. Douglas Emmett, Inc. has a one year low of $12.39 and a one year high of $20.50. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 70.68 and a beta of 1.26. The company's 50-day moving average is $15.21 and its two-hundred day moving average is $15.22.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $252.43 million during the quarter, compared to analysts' expectations of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. Douglas Emmett's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 annualized dividend and a yield of 4.9%. Douglas Emmett's dividend payout ratio is currently 345.45%.

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.