Rhumbline Advisers Lowers Holdings in Douglas Emmett, Inc. $DEI

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 trimmed its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510,755 shares of the real estate investment trust's stock after selling 17,147 shares during the period. Rhumbline Advisers owned about 0.31% of Douglas Emmett worth $8,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DEI. Cetera Investment Advisers raised its stake in Douglas Emmett by 7.6% during the first quarter. Cetera Investment Advisers now owns 11,454 shares of the real estate investment trust's stock worth $183,000 after purchasing an additional 809 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in Douglas Emmett by 4.0% during 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 purchasing an additional 978 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Douglas Emmett by 0.3% during the 1st quarter. Raymond James Financial Inc. now owns 422,923 shares of the real estate investment trust's stock worth $6,767,000 after acquiring an additional 1,107 shares in the last quarter. State of Wyoming grew its holdings 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 acquiring an additional 1,428 shares in the last quarter. Finally, Aberdeen Group plc grew its holdings in Douglas Emmett by 3.7% during the 1st quarter. Aberdeen Group plc now owns 44,845 shares of the real estate investment trust's stock worth $718,000 after acquiring an additional 1,590 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Stock Down 1.4%

NYSE DEI traded down $0.24 on Tuesday, reaching $16.33. The company had a trading volume of 562,734 shares, compared to its average volume of 1,865,010. Douglas Emmett, Inc. has a 52-week low of $12.39 and a 52-week high of $20.50. The stock has a market capitalization of $2.73 billion, a P/E ratio of 74.07 and a beta of 1.32. The company's fifty day moving average is $15.59 and its 200 day moving average is $15.15. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55.

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 (EPS) for the quarter, meeting analysts' consensus estimates 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 the consensus estimate of $250.98 million. During the same quarter last year, the company posted $0.46 EPS. The company's revenue for the quarter was up 2.4% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.7%. Douglas Emmett's dividend payout ratio is presently 345.45%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DEI shares. Piper Sandler cut 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 report on Friday, May 23rd. Scotiabank lowered their price objective 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, August 28th. Wells Fargo & Company lifted their target price on shares of Douglas Emmett from $16.00 to $20.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Wall Street Zen cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. Finally, BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the company a "market perform" rating in a research note on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Douglas Emmett presently has a consensus rating of "Moderate Buy" and an average target price of $18.43.

About Douglas Emmett

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.