Hsbc Holdings PLC Lowers Position in Douglas Emmett, Inc. $DEI

Key Points

• HSBC Holdings PLC has reduced its holdings in Douglas Emmett, Inc. by 18%, selling 451,465 shares to now own approximately 2,056,688 shares worth $33.14 million.
• Douglas Emmett recently reported earnings of $0.37 per share for the quarter, meeting consensus estimates and showing a slight revenue increase compared to the previous year.
• The company declared a quarterly dividend of $0.19 per share, with an annualized payout ratio of 345.45% and a yield of 4.9%.

Hsbc Holdings PLC trimmed its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,056,688 shares of the real estate investment trust's stock after selling 451,465 shares during the quarter. Hsbc Holdings PLC owned approximately 1.23% of Douglas Emmett worth $33,138,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Northern Trust Corp raised its stake in shares of Douglas Emmett by 1.1% during the 1st quarter. Northern Trust Corp now owns 2,293,354 shares of the real estate investment trust's stock worth $36,694,000 after buying an additional 24,595 shares during the period. Brooklyn Investment Group increased its position in shares of Douglas Emmett by 9,036.1% during the first quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 3,253 shares in the last quarter. Algert Global LLC increased its position in shares of Douglas Emmett by 241.7% during the first quarter. Algert Global LLC now owns 682,834 shares of the real estate investment trust's stock worth $10,925,000 after purchasing an additional 482,992 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Douglas Emmett by 0.3% during the first quarter. Raymond James Financial Inc. now owns 422,923 shares of the real estate investment trust's stock worth $6,767,000 after purchasing an additional 1,107 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Douglas Emmett by 3.7% during the first quarter. State of New Jersey Common Pension Fund D now owns 204,930 shares of the real estate investment trust's stock worth $3,279,000 after purchasing an additional 7,377 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DEI has been the subject of several research reports. Piper Sandler dropped their price target on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the stock a "market perform" rating in a research report on Wednesday, July 16th. Scotiabank dropped their price target on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating for the company in a research report on Monday, July 14th. Wells Fargo & Company boosted their price target on Douglas Emmett from $16.00 to $20.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.22.

Douglas Emmett Trading Down 1.6%

NYSE:DEI traded down $0.26 during trading hours on Thursday, hitting $15.84. The company had a trading volume of 195,612 shares, compared to its average volume of 1,892,547. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 1.55. The company has a 50-day moving average of $15.26 and a 200 day moving average of $15.20. The company has a market cap of $2.65 billion, a P/E ratio of 71.87 and a beta of 1.26. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50.

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