Douglas Emmett, Inc. $DEI Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers has reduced its position in Douglas Emmett, Inc. by 3.2%, now holding approximately 510,755 shares valued at $8.17 million.
• Douglas Emmett recently declared a quarterly dividend of $0.19 per share, with an annualized yield of 4.5% and a current payout ratio of 345.45%.
• Analyst ratings for Douglas Emmett show a consensus of "Moderate Buy" with an average price target of $18.43, indicating varied investor sentiment.

Rhumbline Advisers reduced its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 510,755 shares of the real estate investment trust's stock after selling 17,147 shares during the quarter. Rhumbline Advisers owned about 0.31% of Douglas Emmett worth $8,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cetera Investment Advisers lifted its position in shares of Douglas Emmett by 7.6% in the first 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 in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Douglas Emmett by 4.0% in the fourth 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 in the last quarter. Raymond James Financial Inc. lifted its position in shares of Douglas Emmett by 0.3% in the first 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 in the last quarter. State of Wyoming lifted its position in shares of Douglas Emmett by 5.1% in the fourth quarter. State of Wyoming now owns 29,297 shares of the real estate investment trust's stock valued at $544,000 after acquiring an additional 1,428 shares in the last quarter. Finally, Aberdeen Group plc lifted its position in shares of Douglas Emmett by 3.7% in the first quarter. Aberdeen Group plc now owns 44,845 shares of the real estate investment trust's stock valued at $718,000 after acquiring an additional 1,590 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DEI shares. Piper Sandler reduced their price objective on 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 Douglas Emmett from $19.00 to $18.00 and set a "sector outperform" rating on the stock in a research report on Thursday, August 28th. Wells Fargo & Company increased their target price on Douglas Emmett from $16.00 to $20.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. BMO Capital Markets set a $17.00 target price on Douglas Emmett and gave the stock a "market perform" rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Douglas Emmett has an average rating of "Moderate Buy" and an average target price of $18.43.

Douglas Emmett Trading Up 0.1%

Shares of Douglas Emmett stock traded up $0.02 during trading hours on Wednesday, reaching $16.38. The stock had a trading volume of 313,589 shares, compared to its average volume of 1,863,233. The firm has a 50 day simple moving average of $15.60 and a two-hundred day simple moving average of $15.15. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 74.48 and a beta of 1.32. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 1.55. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting analysts' consensus estimates of $0.37. The company had revenue of $252.43 million for 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 company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, September 30th. Douglas Emmett's dividend payout ratio (DPR) is 345.45%.

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.