Deutsche Bank AG acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 241,208 shares of the real estate investment trust's stock, valued at approximately $2,846,000. Deutsche Bank AG owned 0.14% of Douglas Emmett at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its stake in Douglas Emmett by 1.0% during the second quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust's stock worth $148,593,000 after purchasing an additional 100,396 shares during the period. Wellington Management Group LLP grew its stake in shares of Douglas Emmett by 2.5% during the 4th quarter. Wellington Management Group LLP now owns 7,142,978 shares of the real estate investment trust's stock valued at $78,501,000 after buying an additional 171,208 shares during the period. Millennium Management LLC grew its stake in shares of Douglas Emmett by 650.5% during the 4th quarter. Millennium Management LLC now owns 5,607,861 shares of the real estate investment trust's stock valued at $61,630,000 after buying an additional 4,860,682 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Douglas Emmett by 10.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,310,925 shares of the real estate investment trust's stock worth $58,367,000 after buying an additional 506,108 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Douglas Emmett by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 4,291,907 shares of the real estate investment trust's stock worth $47,174,000 after buying an additional 23,653 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.
Douglas Emmett Trading Down 1.6%
Shares of DEI opened at $11.96 on Thursday. The stock's 50-day moving average is $11.97 and its two-hundred day moving average is $11.11. The stock has a market cap of $2.00 billion, a PE ratio of -79.73, a P/E/G ratio of 5.45 and a beta of 1.15. Douglas Emmett, Inc. has a 12 month low of $9.04 and a 12 month high of $16.99. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.60 and a quick ratio of 2.60.
Douglas Emmett (NYSE:DEI - Get Free Report) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.38). The company had revenue of $256.55 million during the quarter, compared to analyst estimates of $253.35 million. Douglas Emmett had a negative net margin of 2.27% and a negative return on equity of 0.66%. Douglas Emmett's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. Equities analysts forecast that Douglas Emmett, Inc. will post 1.41 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Piper Sandler upped their price target on Douglas Emmett from $11.00 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Wells Fargo & Company raised their price objective on Douglas Emmett from $13.00 to $14.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. Evercore set a $14.00 price objective on Douglas Emmett in a research note on Monday, June 8th. Finally, Cantor Fitzgerald boosted their target price on Douglas Emmett from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $13.71.
Get Our Latest Research Report on DEI
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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