Readystate Asset Management LP Makes New $1.16 Million Investment in Douglas Emmett, Inc. $DEI

Key Points

• Readystate Asset Management acquired 98,402 shares of Douglas Emmett worth approximately $1.16 million, while institutional investors collectively own 97.37% of the REIT.
• Douglas Emmett reported quarterly revenue of $256.55 million, up 2% year over year, but missed earnings expectations with a loss of $0.02 per share versus the $0.36 consensus estimate.
• The company declared a quarterly dividend of $0.19 per share, representing a 6.7% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $13.71, compared with the stock’s $11.41 price.

Readystate Asset Management LP acquired a new position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 98,402 shares of the real estate investment trust's stock, valued at approximately $1,161,000. Readystate Asset Management LP owned approximately 0.06% of Douglas Emmett as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. HB Wealth Management LLC bought a new stake in shares of Douglas Emmett in the 2nd quarter worth approximately $184,000. Nykredit A S bought a new stake in Douglas Emmett during the second quarter worth approximately $42,000. BTG Pactual Asset Management US LLC boosted its holdings in Douglas Emmett by 24.5% during the second quarter. BTG Pactual Asset Management US LLC now owns 31,518 shares of the real estate investment trust's stock worth $372,000 after buying an additional 6,198 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Douglas Emmett by 7.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 982,444 shares of the real estate investment trust's stock worth $11,593,000 after buying an additional 66,773 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Douglas Emmett by 5.6% in the second quarter. Van ECK Associates Corp now owns 57,973 shares of the real estate investment trust's stock valued at $684,000 after buying an additional 3,064 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Douglas Emmett Trading Down 0.1%

Douglas Emmett stock opened at $11.41 on Tuesday. Douglas Emmett, Inc. has a 52 week low of $9.04 and a 52 week high of $16.99. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.60 and a current ratio of 2.60. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -76.06, a P/E/G ratio of 5.13 and a beta of 1.15. The company has a 50 day moving average price of $11.94 and a 200 day moving average price of $11.18.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.38). The firm had revenue of $256.55 million for the quarter, compared to analyst estimates of $253.35 million. Douglas Emmett had a negative net margin of 2.27% and a negative return on equity of 0.66%. Douglas Emmett's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. Research analysts forecast that Douglas Emmett, Inc. will post 1.41 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Douglas Emmett's dividend payout ratio is currently -506.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Piper Sandler raised their price objective on Douglas Emmett from $11.00 to $14.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Wells Fargo & Company boosted their target price on Douglas Emmett from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Monday, June 1st. Citigroup upped their target price on Douglas Emmett from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, May 11th. Wall Street Zen upgraded Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, Evercore set a $14.00 price target on Douglas Emmett in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $13.71.

Douglas Emmett Profile

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company's office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.

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