Wellington Management Group LLP Sells 2,596,938 Shares of Douglas Emmett, Inc. $DEI

Key Points

• Wellington Management Group LLP reduced its stake in Douglas Emmett, Inc. by 26.8% during the 1st quarter, now owning approximately 4.24% of the company with shares valued at $113.5 million.
• A number of other investors also adjusted their positions, with Jefferies Financial Group Inc. notably increasing its holdings by 4,052.8% in the same period.
• Research analysts have recently set new price targets for Douglas Emmett, with Scotiabank adjusting its target from $21.00 to $19.00, while Wells Fargo revised its target from $20.00 to $16.00.

Wellington Management Group LLP decreased its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 26.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,095,800 shares of the real estate investment trust's stock after selling 2,596,938 shares during the quarter. Wellington Management Group LLP owned 4.24% of Douglas Emmett worth $113,533,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Northern Trust Corp raised its stake in shares of Douglas Emmett by 1.1% in the 1st quarter. Northern Trust Corp now owns 2,293,354 shares of the real estate investment trust's stock valued at $36,694,000 after buying an additional 24,595 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Douglas Emmett by 9,036.1% in the 1st quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 3,253 shares in the last quarter. Algert Global LLC raised its stake in shares of Douglas Emmett by 241.7% in the 1st quarter. Algert Global LLC now owns 682,834 shares of the real estate investment trust's stock valued at $10,925,000 after buying an additional 482,992 shares in the last quarter. Raymond James Financial Inc. raised its stake 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 buying an additional 1,107 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Douglas Emmett by 3.7% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 204,930 shares of the real estate investment trust's stock worth $3,279,000 after purchasing an additional 7,377 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Douglas Emmett Price Performance

NYSE:DEI traded up $0.60 during mid-day trading on Wednesday, reaching $16.08. 1,331,903 shares of the company were exchanged, compared to its average volume of 1,665,364. Douglas Emmett, Inc. has a 12 month low of $12.39 and a 12 month high of $20.50. The company has a fifty day moving average of $15.26 and a 200 day moving average of $15.20. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. The stock has a market cap of $2.69 billion, a PE ratio of 73.07 and a beta of 1.26.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.37. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm had revenue of $252.43 million for the quarter, compared to analyst estimates of $250.98 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company'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. On average, research analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.7%. Douglas Emmett's dividend payout ratio is currently 345.45%.

Analyst Ratings Changes

Several research firms have recently weighed in on DEI. Wells Fargo & Company upped their target price on shares of Douglas Emmett from $16.00 to $20.00 and gave the stock an "overweight" rating in a report on Wednesday. Scotiabank lowered their target price 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. BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the stock a "market perform" rating in a report on Wednesday, July 16th. Piper Sandler lowered their target price 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. Finally, Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.22.

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.