First Manhattan CO. LLC. Has $19.49 Million Stock Position in Douglas Emmett, Inc. $DEI

Key Points

• First Manhattan CO. LLC. increased its stake in Douglas Emmett, Inc. by 4.0%, acquiring an additional 46,652 shares and owning a total of 1,203,908 shares valued at approximately $19.49 million.
• Several analysts have revised their price targets for Douglas Emmett, with Piper Sandler and Scotiabank lowering theirs to $18.00, while Wells Fargo increased its target from $16.00 to $20.00.
• Douglas Emmett reported quarterly earnings of $0.37 per share, meeting analysts’ expectations, and has set its FY 2025 guidance at EPS between 1.430 and 1.470.

First Manhattan CO. LLC. boosted its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 4.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,203,908 shares of the real estate investment trust's stock after buying an additional 46,652 shares during the period. First Manhattan CO. LLC. owned approximately 0.72% of Douglas Emmett worth $19,491,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Douglas Emmett during the 1st quarter worth approximately $30,000. Tower Research Capital LLC TRC grew its stake in shares of Douglas Emmett by 203.9% during 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 acquiring an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Douglas Emmett during the 4th quarter worth approximately $56,000. Brooklyn Investment Group grew its stake in shares of Douglas Emmett by 9,036.1% during the 1st quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 3,253 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Douglas Emmett during the 1st quarter worth approximately $76,000. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Stock Performance

DEI stock traded up $0.34 during midday trading on Friday, reaching $16.91. 1,603,087 shares of the company were exchanged, compared to its average volume of 1,288,522. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49. The business has a 50-day moving average price of $15.46 and a two-hundred day moving average price of $15.17. Douglas Emmett, Inc. has a one year low of $12.39 and a one year high of $20.50. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 76.85 and a beta of 1.32.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting 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 during the quarter, compared to analysts' expectations of $250.98 million. During the same period in the previous year, the business posted $0.46 earnings per share. The company'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 forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.5%. Douglas Emmett's dividend payout ratio (DPR) is 345.45%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DEI shares. Piper Sandler decreased their price target on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Scotiabank decreased 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 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. Wells Fargo & Company raised their target price on shares of Douglas Emmett from $16.00 to $20.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Finally, BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the company a "market perform" rating in a research note on Wednesday, July 16th. Four investment 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 stock presently has an average rating of "Hold" and a consensus target price of $18.11.

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.