Arrowstreet Capital Limited Partnership Has $34.77 Million Holdings in Douglas Emmett, Inc. $DEI

Arrowstreet Capital Limited Partnership boosted its position in Douglas Emmett, Inc. (NYSE:DEI) by 93.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,311,991 shares of the real estate investment trust’s stock after purchasing an additional 1,117,668 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Douglas Emmett were worth $34,772,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Douglas Emmett in the 1st quarter worth about $30,000. Brooklyn Investment Group boosted its position in shares of Douglas Emmett by 9,036.1% during the 1st quarter. Brooklyn Investment Group now owns 3,289 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 3,253 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Douglas Emmett during the first quarter worth approximately $76,000. Wolverine Asset Management LLC bought a new stake in Douglas Emmett in the first quarter worth approximately $88,000. Finally, Raleigh Capital Management Inc. increased its holdings in Douglas Emmett by 18.9% in the second quarter. Raleigh Capital Management Inc. now owns 6,130 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 975 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

Shares of DEI opened at $11.83 on Friday. The business’s fifty day moving average is $13.04 and its 200 day moving average is $14.53. Douglas Emmett, Inc. has a 12-month low of $11.43 and a 12-month high of $20.50. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.58. The stock has a market cap of $1.98 billion, a P/E ratio of 98.55 and a beta of 1.12.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Douglas Emmett had a net margin of 2.22% and a return on equity of 0.62%. The business had revenue of $250.58 million during the quarter, compared to analyst estimates of $252.73 million. During the same quarter in the previous year, the business posted $0.43 EPS. Douglas Emmett’s quarterly revenue was up .0% on a year-over-year basis. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. Sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on DEI. Cantor Fitzgerald cut their price target on Douglas Emmett from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Wells Fargo & Company cut their target price on shares of Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Piper Sandler cut 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 report on Thursday, November 6th. JPMorgan Chase & Co. decreased their price target on shares of Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Finally, Scotiabank dropped their price objective on shares of Douglas Emmett from $18.00 to $16.00 and set a “sector outperform” rating on the stock in a report on Monday, November 17th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.00.

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.