Russell Investments Group Ltd. Raises Holdings in Douglas Emmett, Inc. $DEI

Key Points

• Russell Investments Group Ltd. increased its holdings in Douglas Emmett, Inc. (NYSE: DEI) by a remarkable 1,247.0%, owning 30,591 shares worth approximately $489,000.
• Douglas Emmett reported a quarterly EPS of $0.37, aligning with analysts' expectations, while its revenue grew by 2.4% year-over-year, amounting to $252.43 million.
• Wall Street analysts have varied perspectives on DEI, with target price estimates ranging from $17.00 to $20.00, and an average rating of "Hold" for the stock.

Russell Investments Group Ltd. raised its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 1,247.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,591 shares of the real estate investment trust's stock after acquiring an additional 28,320 shares during the quarter. Russell Investments Group Ltd.'s holdings in Douglas Emmett were worth $489,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in DEI. Tower Research Capital LLC TRC lifted its holdings in shares of Douglas Emmett by 203.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 1,964 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Douglas Emmett in the 4th quarter valued at about $56,000. Wolverine Asset Management LLC purchased a new stake in shares of Douglas Emmett in the 1st quarter valued at about $88,000. KBC Group NV lifted its holdings 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 valued at $155,000 after purchasing an additional 2,743 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Douglas Emmett by 7.6% in the 1st quarter. Cetera Investment Advisers now owns 11,454 shares of the real estate investment trust's stock valued at $183,000 after purchasing an additional 809 shares during the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DEI. Wall Street Zen downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. Wells Fargo & Company boosted their target price on Douglas Emmett from $16.00 to $20.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Piper Sandler reduced their target price on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Scotiabank reduced their target price on Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating for the company in a report on Thursday, August 28th. Finally, BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the company a "market perform" rating in a report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $18.11.

Douglas Emmett Stock Performance

Douglas Emmett stock traded up $0.32 during mid-day trading on Thursday, reaching $16.47. 521,908 shares of the company were exchanged, compared to its average volume of 1,878,830. Douglas Emmett, Inc. has a twelve month low of $12.39 and a twelve month high of $20.50. The firm's 50-day simple moving average is $15.40 and its two-hundred day simple moving average is $15.17. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. The firm has a market cap of $2.76 billion, a PE ratio of 74.84 and a beta of 1.32.

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

Douglas Emmett Profile

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.