Greenland Capital Management LP Decreases Stock Position in Douglas Emmett, Inc. $DEI
Greenland Capital Management LP reduced its stake in Douglas Emmett, Inc. by 70.3% in Q2, selling 216,855 shares. The firm now holds 91,804 shares, valued at $1,381,000. Other investors, including Cetera Investment Advisers and Teacher Retirement System of Texas, adjusted their positions in Douglas Emmett. Analysts have mixed ratings on the stock, with a current average rating of 'Hold' and a price target of $16.71. Douglas Emmett's stock opened at $11.68, with a market cap of $1.96 billion.
Greenland Capital Management LP trimmed its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 70.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,804 shares of the real estate investment trust's stock after selling 216,855 shares during the quarter. Greenland Capital Management LP owned 0.05% of Douglas Emmett worth $1,381,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Douglas Emmett by 6.7% in the 2nd quarter. Cetera Investment Advisers now owns 12,220 shares of the real estate investment trust's stock worth $184,000 after acquiring an additional 766 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Douglas Emmett by 3.9% in the second quarter. Teacher Retirement System of Texas now owns 25,430 shares of the real estate investment trust's stock worth $382,000 after purchasing an additional 952 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in shares of Douglas Emmett by 18.9% during the second quarter. Raleigh Capital Management Inc. now owns 6,130 shares of the real estate investment trust's stock valued at $92,000 after buying an additional 975 shares during the period. Raymond James Financial Inc. grew its stake in shares of Douglas Emmett by 0.3% during the first 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 during the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in shares of Douglas Emmett by 2.8% in the second quarter. Simon Quick Advisors LLC now owns 48,624 shares of the real estate investment trust's stock worth $731,000 after buying an additional 1,303 shares during the period. Institutional investors own 97.37% of the company's stock.
Get Douglas Emmett alerts:
Analyst Ratings Changes
A number of research firms have weighed in on DEI. Scotiabank reduced their target price on Douglas Emmett from $18.00 to $16.00 and set a "sector outperform" rating on the stock in a research note on Monday. Piper Sandler downgraded shares of Douglas Emmett from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $19.00 to $14.00 in a research note on Thursday, November 6th. Wells Fargo & Company boosted their price objective on shares of 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 reduced their target price on shares of Douglas Emmett from $16.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, November 6th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Douglas Emmett in a research note on Tuesday, November 11th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $16.71.
Get Our Latest Stock Report on Douglas Emmett
Douglas Emmett Trading Up 1.0%
NYSE DEI opened at $11.68 on Thursday. Douglas Emmett, Inc. has a one year low of $11.43 and a one 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 company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 53.10 and a beta of 1.28. The company's 50-day simple moving average is $14.05 and its two-hundred day simple moving average is $14.75.
Douglas Emmett (NYSE:DEI - Get Free Report) 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 firm had revenue of $250.58 million during the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%.The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Equities analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.
Douglas Emmett Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.5%. Douglas Emmett's dividend payout ratio is presently 633.33%.
Douglas Emmett Profile
(Free Report)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.
Further Reading
- Five stocks we like better than Douglas Emmett
- What Are Dividend Challengers?
- Applied Materials: Up 40% in 2025 With Room to Run Long-Term
- A Deeper Look at Bid-Ask Spreads
- onsemi Places a $6 Billion Bet on Its Own Stock
- Basic Materials Stocks Investing
- HIMS Has Been a Roller Coaster Ride. Should Investors Hop On?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Douglas Emmett Right Now?
Before you consider Douglas Emmett, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Douglas Emmett wasn't on the list.
While Douglas Emmett currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
