Douglas Emmett, Inc. $DEI Shares Bought by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Douglas Emmett, Inc. by 13.3%, owning over 4.19 million shares valued at $67.13 million as of the latest SEC filing.
• Recent analyst reports show mixed ratings for Douglas Emmett, with target prices ranging from $16 to $19, reflecting varying outlooks on the stock's performance.
• The company recently announced a quarterly dividend of $0.19, representing a dividend yield of 4.9%, although its payout ratio is notably high at 345.45%.

Price T Rowe Associates Inc. MD grew its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 13.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,195,729 shares of the real estate investment trust's stock after acquiring an additional 492,997 shares during the quarter. Price T Rowe Associates Inc. MD owned about 2.51% of Douglas Emmett worth $67,134,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Cetera Investment Advisers increased its holdings in shares of Douglas Emmett by 7.6% in the 1st quarter. Cetera Investment Advisers now owns 11,454 shares of the real estate investment trust's stock valued at $183,000 after acquiring an additional 809 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Douglas Emmett by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 25,333 shares of the real estate investment trust's stock valued at $472,000 after acquiring an additional 978 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Douglas Emmett by 0.3% in the 1st quarter. Raymond James Financial Inc. now owns 422,923 shares of the real estate investment trust's stock valued at $6,767,000 after acquiring an additional 1,107 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Douglas Emmett by 6.7% in the 4th quarter. Stifel Financial Corp now owns 18,976 shares of the real estate investment trust's stock valued at $352,000 after acquiring an additional 1,193 shares during the last quarter. Finally, State of Wyoming grew its stake in Douglas Emmett by 5.1% during the 4th quarter. State of Wyoming now owns 29,297 shares of the real estate investment trust's stock worth $544,000 after buying an additional 1,428 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Analysts Set New Price Targets

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

Douglas Emmett Price Performance

DEI stock traded up $0.20 during midday trading on Friday, hitting $16.22. 1,130,449 shares of the stock were exchanged, compared to its average volume of 1,593,231. The stock's 50-day moving average price is $15.31 and its 200-day moving average price is $15.17. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 73.72 and a beta of 1.26. Douglas Emmett, Inc. has a fifty-two week low of $12.39 and a fifty-two week 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.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The firm had revenue of $252.43 million during the quarter, compared to analysts' expectations of $250.98 million. During the same period in the previous year, the firm posted $0.46 earnings per share. 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. Research analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

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.