Long Pond Capital LP Buys Shares of 589,420 Douglas Emmett, Inc. $DEI

Key Points

• Long Pond Capital LP has acquired 589,420 shares of Douglas Emmett, Inc., valued at approximately $9.43 million, representing a 0.35% ownership stake in the company.
• Recent analyst reports have downgraded the stock’s price targets, with Piper Sandler reducing their target from $20.00 to $18.00, while Wells Fargo lowered theirs from $20.00 to $16.00.
• Douglas Emmett's quarterly earnings were reported at $0.37 EPS, matching analyst expectations, and the company announced a quarterly dividend of $0.19, yielding 4.9% annually.

Long Pond Capital LP bought a new position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 589,420 shares of the real estate investment trust's stock, valued at approximately $9,431,000. Long Pond Capital LP owned about 0.35% of Douglas Emmett at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new position in Douglas Emmett in the first quarter valued at about $30,000. Brooklyn Investment Group lifted its holdings in Douglas Emmett by 9,036.1% in the first quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 3,253 shares during the period. Tower Research Capital LLC TRC increased its position in Douglas Emmett by 203.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after buying an additional 1,964 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in Douglas Emmett in the fourth quarter worth about $56,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Douglas Emmett in the first quarter worth about $76,000. 97.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DEI shares. 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. Piper Sandler reduced 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. Wall Street Zen cut Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Saturday. Wells Fargo & Company increased their target price on Douglas Emmett from $16.00 to $20.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Scotiabank cut their target price on Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $18.11.

Douglas Emmett Trading Up 1.2%

Shares of DEI stock traded up $0.20 on Friday, reaching $16.22. 1,130,449 shares of the company's stock were exchanged, compared to its average volume of 1,593,231. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. 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 stock has a market capitalization of $2.72 billion, a PE ratio of 73.72 and a beta of 1.26. The company's fifty day simple moving average is $15.31 and its 200 day simple moving average is $15.18.

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 for the quarter, meeting analysts' consensus estimates of $0.37. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The business had revenue of $252.43 million during the quarter, compared to analyst estimates of $250.98 million. During the same period in the previous year, the company posted $0.46 EPS. Douglas Emmett's revenue was up 2.4% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett 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.