Fiduciary Family Office LLC Sells 21,436 Shares of Douglas Emmett, Inc. $DEI

Fiduciary Family Office LLC lessened its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 65.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,175 shares of the real estate investment trust's stock after selling 21,436 shares during the period. Fiduciary Family Office LLC's holdings in Douglas Emmett were worth $168,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DEI. QRG Capital Management Inc. bought a new position in Douglas Emmett in the 1st quarter worth about $239,000. Asset Management One Co. Ltd. boosted its stake in Douglas Emmett by 1.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 247,079 shares of the real estate investment trust's stock worth $3,953,000 after purchasing an additional 3,030 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Douglas Emmett by 3.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 90,806 shares of the real estate investment trust's stock worth $1,453,000 after purchasing an additional 2,898 shares in the last quarter. KBC Group NV boosted its stake in 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 in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Douglas Emmett in the 1st quarter worth about $392,000. Institutional investors own 97.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Scotiabank dropped their price target on shares of Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating on the stock in a research note on Thursday, August 28th. Wall Street Zen cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Cantor Fitzgerald began coverage on shares of Douglas Emmett in a research note on Wednesday, October 1st. They set a "neutral" rating and a $16.00 target price on the stock. Weiss Ratings cut shares of Douglas Emmett from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, October 8th. Finally, Piper Sandler upped their target price on shares of Douglas Emmett from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Douglas Emmett has an average rating of "Hold" and a consensus target price of $18.25.

Douglas Emmett Price Performance

NYSE DEI opened at $13.25 on Wednesday. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The firm has a market capitalization of $2.22 billion, a P/E ratio of 60.24 and a beta of 1.30. 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 company has a 50-day moving average price of $15.40 and a 200-day moving average price of $14.95.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $250.98 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 5.7%. Douglas Emmett's dividend payout ratio is presently 345.45%.

Douglas Emmett Company 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.

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