Graham Capital Management L.P. Buys 27,051 Shares of Douglas Emmett, Inc. $DEI

Key Points

• Graham Capital Management L.P. increased its position in Douglas Emmett, Inc. by 170.2% during the first quarter, reaching a total of 42,945 shares valued at approximately $687,000.
• Analysts have a mixed outlook on Douglas Emmett, with BMO Capital Markets setting a price target of $17.00, while Wells Fargo raised theirs to $20.00.
• Douglas Emmett reported earnings of $0.37 per share for its latest quarter, matching expectations, with quarterly revenue up by 2.4% year-over-year.

Graham Capital Management L.P. increased its position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 170.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,945 shares of the real estate investment trust's stock after buying an additional 27,051 shares during the period. Graham Capital Management L.P.'s holdings in Douglas Emmett were worth $687,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jefferies Financial Group Inc. grew its stake in Douglas Emmett by 4,052.8% in the first quarter. Jefferies Financial Group Inc. now owns 682,841 shares of the real estate investment trust's stock valued at $10,925,000 after acquiring an additional 666,398 shares during the period. Long Pond Capital LP bought a new position in shares of Douglas Emmett in the 1st quarter worth $9,431,000. Northern Trust Corp grew its position in Douglas Emmett by 29.3% in the 4th quarter. Northern Trust Corp now owns 2,268,759 shares of the real estate investment trust's stock valued at $42,108,000 after purchasing an additional 514,034 shares during the period. Nuveen LLC acquired a new stake in Douglas Emmett in the 1st quarter valued at $7,990,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Douglas Emmett by 13.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,195,729 shares of the real estate investment trust's stock valued at $67,134,000 after purchasing an additional 492,997 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DEI shares. Wall Street Zen lowered shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Scotiabank lowered their target price on shares of Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating on the stock in a report on Thursday, August 28th. BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the company a "market perform" rating in a research note on Wednesday, July 16th. Piper Sandler decreased their price objective on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, Wells Fargo & Company raised 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. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Douglas Emmett currently has a consensus rating of "Hold" and a consensus price target of $18.13.

Douglas Emmett Stock Up 2.0%

DEI stock traded up $0.32 during trading on Wednesday, reaching $16.42. The stock had a trading volume of 1,896,040 shares, compared to its average volume of 1,267,158. 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 market capitalization of $2.75 billion, a price-to-earnings ratio of 74.62 and a beta of 1.32. Douglas Emmett, Inc. has a one year low of $12.39 and a one year high of $20.50. The company's 50 day moving average is $15.52 and its two-hundred day moving average is $15.16.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results 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. The firm had revenue of $252.43 million for the quarter, compared to the consensus estimate of $250.98 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The company's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, September 30th. Douglas Emmett's dividend payout ratio is 345.45%.

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.