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

A number of other hedge funds have also added to or reduced their stakes in DEI. Envestnet Asset Management Inc. increased its position in Douglas Emmett by 70.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 44,601 shares of the real estate investment trust's stock valued at $828,000 after purchasing an additional 18,440 shares during the period. Dimensional Fund Advisors LP increased its position in Douglas Emmett by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,437,150 shares of the real estate investment trust's stock valued at $45,234,000 after purchasing an additional 34,460 shares during the period. MetLife Investment Management LLC increased its position in Douglas Emmett by 5.3% during the 4th quarter. MetLife Investment Management LLC now owns 102,891 shares of the real estate investment trust's stock valued at $1,910,000 after purchasing an additional 5,184 shares during the period. Tower Research Capital LLC TRC increased its position in 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 valued at $54,000 after purchasing an additional 1,964 shares during the period. Finally, Stifel Financial Corp increased its position in Douglas Emmett by 6.7% during the 4th quarter. Stifel Financial Corp now owns 18,976 shares of the real estate investment trust's stock valued at $352,000 after purchasing an additional 1,193 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Piper Sandler reduced their price objective on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Scotiabank reduced their target price on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research report on Monday, July 14th. Wells Fargo & Company reduced their target price on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Friday. Finally, BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the stock a "market perform" rating in a research report on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.78.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock opened at $15.5490 on Monday. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 70.68 and a beta of 1.26. The firm's 50-day moving average is $15.21 and its 200 day moving average is $15.21. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49.

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

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.19 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.9%. Douglas Emmett's payout ratio is presently 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.

Want to see what other hedge funds are holding DEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Douglas Emmett, Inc. (NYSE:DEI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.