499,386 Shares in Douglas Emmett, Inc. $DEI Bought by Nuveen LLC

Key Points

• Nuveen LLC has made a new investment of approximately $7.99 million in Douglas Emmett, Inc. by acquiring 499,386 shares, representing around 0.30% ownership as of its latest SEC filing.
• Douglas Emmett reported $0.37 earnings per share for the last quarter, matching analysts' estimates, with a slight year-over-year revenue increase of 2.4% and a guidance of $1.430-1.470 EPS for FY 2025.
• The company recently announced a quarterly dividend of $0.19 per share, which indicates a 4.9% dividend yield, despite a high payout ratio of 345.45%.

Nuveen LLC bought a new position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 499,386 shares of the real estate investment trust's stock, valued at approximately $7,990,000. Nuveen LLC owned approximately 0.30% of Douglas Emmett at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fiduciary Family Office LLC acquired a new stake in Douglas Emmett during the 1st quarter worth $522,000. Davis Selected Advisers boosted its holdings in shares of Douglas Emmett by 115.6% during the first quarter. Davis Selected Advisers now owns 268,820 shares of the real estate investment trust's stock worth $4,301,000 after acquiring an additional 144,130 shares during the period. Wolverine Asset Management LLC acquired a new position in Douglas Emmett during the first quarter valued at approximately $88,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Douglas Emmett by 3.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 115,759 shares of the real estate investment trust's stock worth $1,852,000 after buying an additional 4,078 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Douglas Emmett by 363.9% in the first quarter. Jupiter Asset Management Ltd. now owns 217,919 shares of the real estate investment trust's stock worth $3,487,000 after purchasing an additional 170,944 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Stock Performance

DEI stock traded up $0.20 during trading on Friday, reaching $16.22. The company had a trading volume of 1,130,449 shares, compared to its average volume of 1,593,231. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.49 and a current ratio of 3.49. Douglas Emmett, Inc. has a twelve month low of $12.39 and a twelve month high of $20.50. The firm has a 50-day simple moving average of $15.31 and a 200-day simple moving average of $15.18. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 73.72 and a beta of 1.26.

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 EPS for the quarter, hitting the consensus estimate of $0.37. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The company had revenue of $252.43 million during the quarter, compared to analyst estimates of $250.98 million. During the same quarter in the previous year, the firm earned $0.46 EPS. The firm's revenue was up 2.4% compared to the same quarter last year. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, sell-side analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Analysts Set New Price Targets

DEI has been the subject of several analyst reports. Wall Street Zen upgraded shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Piper Sandler decreased their target price 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 cut their target price on shares of Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating on the stock in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of Douglas Emmett from $16.00 to $20.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, BMO Capital Markets set a $17.00 price objective on shares of Douglas Emmett and gave the company a "market perform" rating in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.11.

Douglas Emmett Company 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.