Invesco Ltd. Sells 69,647 Shares of Douglas Emmett, Inc. $DEI

Key Points

• Invesco Ltd. has reduced its holdings in Douglas Emmett, Inc. by 11.8%, selling 69,647 shares, leaving the fund with 519,576 shares valued at approximately $8.31 million.
• Douglas Emmett reported earnings of $0.37 per share, meeting analysts' expectations, and its revenue increased by 2.4% year-over-year to $252.43 million.
• The company has declared a quarterly dividend of $0.19 per share, reflecting an annualized yield of 4.9%, though its payout ratio stands at a high 345.45%.

Invesco Ltd. lowered its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 11.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 519,576 shares of the real estate investment trust's stock after selling 69,647 shares during the period. Invesco Ltd. owned 0.31% of Douglas Emmett worth $8,313,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DEI. Tower Research Capital LLC TRC lifted its position 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 worth $54,000 after purchasing an additional 1,964 shares during the period. GF Fund Management CO. LTD. purchased a new stake in shares of Douglas Emmett in the 4th quarter worth about $56,000. Wolverine Asset Management LLC purchased a new stake in shares of Douglas Emmett in the 1st quarter worth about $88,000. KBC Group NV lifted 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 period. Finally, Cetera Investment Advisers lifted its position 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 worth $183,000 after purchasing an additional 809 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DEI has been the subject of several research analyst reports. BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the stock a "market perform" rating in a research report on Wednesday, July 16th. Piper Sandler dropped their target price on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Scotiabank dropped their target price on shares of Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating for the company in a research report on Thursday. Wall Street Zen cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Wells Fargo & Company lifted their price target on shares of Douglas Emmett from $16.00 to $20.00 and gave the company an "overweight" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $18.11.

Douglas Emmett Stock Up 1.2%

Shares of NYSE:DEI traded up $0.20 during trading on Friday, reaching $16.22. 1,130,449 shares of the stock traded hands, compared to its average volume of 1,593,231. The stock has a 50-day moving average of $15.31 and a two-hundred day moving average of $15.17. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week high of $20.50. 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 stock has a market cap of $2.72 billion, a P/E ratio of 73.72 and a beta of 1.26.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, meeting analysts' consensus estimates of $0.37. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm had revenue of $252.43 million for the quarter, compared to analysts' expectations of $250.98 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The business'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. As a group, sell-side analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

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.