Douglas Emmett, Inc. $DEI Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Douglas Emmett, Inc. by 1.0% during the first quarter, bringing its ownership to approximately 15.55%, valued at $416.5 million.
• Several analysts have set varying target prices for Douglas Emmett, with the consensus target at $17.78 and a mixed rating of hold and sell from different firms.
• The company announced a quarterly dividend of $0.19 per share, resulting in an annualized yield of 5.2%, despite a high dividend payout ratio of 345.45%.

Vanguard Group Inc. reduced its position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,032,591 shares of the real estate investment trust's stock after selling 274,367 shares during the quarter. Vanguard Group Inc. owned about 15.55% of Douglas Emmett worth $416,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of Douglas Emmett by 203.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 1,964 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Douglas Emmett during the fourth quarter valued at $56,000. Sterling Capital Management LLC grew its holdings in shares of Douglas Emmett by 808.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 4,529 shares during the last quarter. KBC Group NV grew its holdings in shares of Douglas Emmett by 39.6% during the first quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock valued at $155,000 after buying an additional 2,743 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of 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 valued at $183,000 after buying an additional 809 shares during the last quarter. 97.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DEI has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Scotiabank dropped their price objective on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a report on Monday, July 14th. Piper Sandler dropped their price objective on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. 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. Finally, Wells Fargo & Company dropped their price objective on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $17.78.

Douglas Emmett Stock Performance

NYSE:DEI traded down $0.1380 during mid-day trading on Wednesday, hitting $14.8920. The company's stock had a trading volume of 1,248,386 shares, compared to its average volume of 1,602,397. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50. The company has a debt-to-equity ratio of 1.55, a current ratio of 3.49 and a quick ratio of 3.49. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 67.69 and a beta of 1.26. The business's fifty day moving average is $15.21 and its two-hundred day moving average is $15.28.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $252.43 million for the quarter, compared to analyst estimates of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.19 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.1%. Douglas Emmett's dividend payout ratio is 345.45%.

Douglas Emmett 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.