JPMorgan Chase & Co. Acquires 135,622 Shares of Douglas Emmett, Inc. $DEI

Key Points

• JPMorgan Chase raised its stake in Douglas Emmett by 8.6%, adding 135,622 shares to own 1,718,393 shares (about 1.03% of the company) worth roughly $26.8 million.
• Analysts' sentiment is largely a Hold with a consensus price target of $12.94 after several recent target cuts (including from JPMorgan), signaling a muted outlook.
• Douglas Emmett declared a quarterly dividend of $0.19 (annualized $0.76) yielding 8.1%, but the payout ratio is an extremely high 844%, suggesting dividend sustainability concerns.

JPMorgan Chase & Co. raised its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 8.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,718,393 shares of the real estate investment trust's stock after acquiring an additional 135,622 shares during the period. JPMorgan Chase & Co. owned approximately 1.03% of Douglas Emmett worth $26,755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DEI. Royal Bank of Canada increased its holdings in Douglas Emmett by 43.4% in the first quarter. Royal Bank of Canada now owns 29,746 shares of the real estate investment trust's stock valued at $476,000 after purchasing an additional 9,007 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Douglas Emmett by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,105 shares of the real estate investment trust's stock worth $1,538,000 after buying an additional 4,186 shares during the period. Empowered Funds LLC increased its stake in shares of Douglas Emmett by 8.4% in the 1st quarter. Empowered Funds LLC now owns 24,086 shares of the real estate investment trust's stock valued at $385,000 after acquiring an additional 1,864 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Douglas Emmett by 33.4% in the 1st quarter. Intech Investment Management LLC now owns 83,994 shares of the real estate investment trust's stock valued at $1,344,000 after acquiring an additional 21,035 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Douglas Emmett by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,362,611 shares of the real estate investment trust's stock worth $65,620,000 after acquiring an additional 46,651 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DEI has been the topic of several analyst reports. Cantor Fitzgerald reiterated a "neutral" rating and issued a $11.00 target price on shares of Douglas Emmett in a report on Monday, January 5th. Weiss Ratings downgraded Douglas Emmett from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, January 12th. Citigroup decreased their target price on Douglas Emmett from $12.00 to $10.00 and set a "neutral" rating for the company in a research note on Wednesday, February 18th. JPMorgan Chase & Co. dropped their price target on Douglas Emmett from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 25th. Finally, Scotiabank cut their price objective on Douglas Emmett from $12.50 to $11.50 and set a "sector perform" rating on the stock in a report on Monday, March 2nd. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $12.94.

Douglas Emmett Price Performance

DEI stock opened at $9.44 on Tuesday. The stock has a 50-day moving average price of $10.29 and a two-hundred day moving average price of $12.12. Douglas Emmett, Inc. has a 1 year low of $9.25 and a 1 year high of $16.99. The stock has a market cap of $1.58 billion, a PE ratio of 104.84, a price-to-earnings-growth ratio of 4.17 and a beta of 1.12. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 1.60.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The real estate investment trust reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Douglas Emmett had a return on equity of 0.46% and a net margin of 1.62%.The company had revenue of $249.43 million during the quarter, compared to analysts' expectations of $252.91 million. During the same period in the prior year, the firm earned $0.38 earnings per share. Douglas Emmett's revenue for the quarter was up 1.8% compared to the same quarter last year. Douglas Emmett has set its FY 2026 guidance at 1.390-1.450 EPS. Equities analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.19 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.1%. Douglas Emmett's dividend payout ratio (DPR) is 844.44%.

Douglas Emmett Profile

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company's office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.

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