Wellington Management Group LLP Lowers Stock Position in 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 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 4.24% of Douglas Emmett worth $113,533,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DEI. Jefferies Financial Group Inc. raised its holdings in shares of Douglas Emmett by 4,052.8% in the first quarter. Jefferies Financial Group Inc. now owns 682,841 shares of the real estate investment trust's stock valued at $10,925,000 after buying an additional 666,398 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Douglas Emmett by 29.3% during the fourth quarter. Northern Trust Corp now owns 2,268,759 shares of the real estate investment trust's stock worth $42,108,000 after buying an additional 514,034 shares during the last quarter. Nuveen LLC acquired a new position in Douglas Emmett in the 1st quarter valued at about $7,990,000. Algert Global LLC raised its stake in Douglas Emmett by 241.7% during 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 acquiring an additional 482,992 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Douglas Emmett during the 1st quarter valued at approximately $4,938,000. Institutional investors and hedge funds own 97.37% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on DEI shares. Scotiabank lowered their target price on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research note on Monday, July 14th. Wells Fargo & Company lowered their price objective on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Wall Street Zen downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Piper Sandler reduced their target price on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. 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 report on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.78.

Douglas Emmett Trading Down 0.9%

NYSE:DEI opened at $14.7750 on Friday. 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 quick ratio of 3.49 and a current ratio of 3.49. The stock has a fifty day moving average price of $15.20 and a two-hundred day moving average price of $15.26. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 67.16 and a beta of 1.26.

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 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. The business had revenue of $252.43 million for the quarter, compared to analysts' expectations of $250.98 million. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.19 dividend. 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 5.1%. Douglas Emmett's dividend payout ratio (DPR) is 345.45%.

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.

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