Versor Investments LP Invests $186,000 in Douglas Emmett, Inc. $DEI

Versor Investments LP acquired a new stake in Douglas Emmett, Inc. (NYSE:DEI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,400 shares of the real estate investment trust’s stock, valued at approximately $186,000.

A number of other large investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in shares of Douglas Emmett by 13.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,195,729 shares of the real estate investment trust’s stock valued at $67,134,000 after purchasing an additional 492,997 shares during the period. Northern Trust Corp boosted its stake in 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 worth $36,694,000 after buying an additional 24,595 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Douglas Emmett by 9.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,747,751 shares of the real estate investment trust’s stock worth $27,964,000 after buying an additional 153,842 shares during the last quarter. First Manhattan CO. LLC. grew its holdings in Douglas Emmett by 4.0% in the 1st quarter. First Manhattan CO. LLC. now owns 1,203,908 shares of the real estate investment trust’s stock valued at $19,491,000 after buying an additional 46,652 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Douglas Emmett during the 1st quarter valued at about $16,798,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Trading Up 3.6%

DEI opened at $12.40 on Friday. The firm’s 50 day moving average is $14.78 and its 200-day moving average is $14.87. Douglas Emmett, Inc. has a 52-week low of $11.86 and a 52-week high of $20.50. 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 firm has a market capitalization of $2.08 billion, a P/E ratio of 56.34 and a beta of 1.28.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $250.58 million for the quarter, compared to analysts’ expectations of $252.73 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Douglas Emmett’s payout ratio is currently 633.33%.

Analysts Set New Price Targets

DEI has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Scotiabank cut 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 boosted their price target on Douglas Emmett from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Cantor Fitzgerald dropped their price target on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Jefferies Financial Group upgraded Douglas Emmett to a “hold” rating in a report on Monday, October 13th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.00.

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.