Northern Trust Corp Raises Holdings in Douglas Emmett, Inc. $DEI

Key Points

• Northern Trust Corp increased its stake in Douglas Emmett, Inc. by 1.1%, owning 2,293,354 shares valued at approximately $36.7 million.
• Multiple hedge funds have significantly altered their positions in Douglas Emmett, with Envestnet Asset Management raising its holdings by 70.5% in the fourth quarter.
• The company's stock has received mixed ratings from analysts, with target prices ranging from $17.00 to $20.00, and a consensus rating of "Hold" based on recent updates.

Northern Trust Corp raised its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,293,354 shares of the real estate investment trust's stock after buying an additional 24,595 shares during the period. Northern Trust Corp owned about 1.37% of Douglas Emmett worth $36,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Jefferies Financial Group Inc. lifted its stake in shares of Douglas Emmett by 4,052.8% during the first quarter. Jefferies Financial Group Inc. now owns 682,841 shares of the real estate investment trust's stock worth $10,925,000 after buying an additional 666,398 shares during the period. Nuveen LLC purchased a new position in Douglas Emmett during the 1st quarter worth approximately $7,990,000. Algert Global LLC increased its position in 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 buying an additional 482,992 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Douglas Emmett in the first quarter valued at approximately $4,938,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of Douglas Emmett by 185.5% in the 1st quarter. Allianz Asset Management GmbH now owns 400,920 shares of the real estate investment trust's stock valued at $6,415,000 after purchasing an additional 260,509 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Wall Street Analyst Weigh In

DEI has been the topic of a number of research analyst reports. Scotiabank decreased their price target on Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating on the stock in a research note on Thursday, August 28th. BMO Capital Markets set a $17.00 price objective on Douglas Emmett and gave the stock a "market perform" rating in a research note on Wednesday, July 16th. Wells Fargo & Company raised their price target on shares of Douglas Emmett from $16.00 to $20.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Wall Street Zen downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Piper Sandler lowered 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 note on Friday, May 23rd. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $18.11.

Douglas Emmett Price Performance

Douglas Emmett stock traded down $0.08 during midday trading on Wednesday, reaching $16.11. 509,917 shares of the company were exchanged, compared to its average volume of 1,882,259. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 73.25 and a beta of 1.32. 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 quick ratio of 3.49 and a current ratio of 3.49. The firm's 50-day simple moving average is $15.37 and its 200-day simple moving average is $15.16.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly 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. The business had revenue of $252.43 million during 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 business's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. On average, analysts anticipate 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.