Douglas Emmett, Inc. $DEI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 22.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,366,984 shares of the real estate investment trust’s stock after selling 390,094 shares during the quarter. Bank of New York Mellon Corp’s holdings in Douglas Emmett were worth $12,877,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DEI. Cetera Investment Advisers boosted its position in Douglas Emmett by 6.7% during the second 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. California State Teachers Retirement System raised its holdings in Douglas Emmett by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 154,385 shares of the real estate investment trust’s stock valued at $2,322,000 after acquiring an additional 819 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Douglas Emmett by 220.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,166 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Douglas Emmett by 33.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,894 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of Douglas Emmett by 6.7% during the 2nd quarter. Creative Planning now owns 21,024 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 1,317 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Stock Down 1.9%

Shares of DEI opened at $11.81 on Friday. The firm has a market cap of $1.98 billion, a P/E ratio of -69.45, a price-to-earnings-growth ratio of 6.27 and a beta of 1.15. Douglas Emmett, Inc. has a 12-month low of $9.04 and a 12-month high of $16.99. The company’s 50-day moving average price is $12.03 and its 200 day moving average price is $10.98. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 1.62.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $250.96 million for the quarter, compared to analysts’ expectations of $251.11 million. Douglas Emmett had a negative net margin of 2.59% and a negative return on equity of 0.74%. Douglas Emmett’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. Douglas Emmett has set its FY 2026 guidance at 1.390-1.45 EPS. On average, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.41 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Tuesday, June 30th. Douglas Emmett’s dividend payout ratio is currently -447.06%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DEI shares. Weiss Ratings upgraded Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. Piper Sandler lifted their price objective on Douglas Emmett from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Evercore set a $14.00 price objective on Douglas Emmett in a research note on Monday, June 8th. Wall Street Zen cut Douglas Emmett from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Wells Fargo & Company raised their target price on Douglas Emmett from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.57.

About Douglas Emmett

Douglas Emmett, Inc is a publicly traded real estate investment trust headquartered in Santa Monica, California. The company specializes in the ownership, management and development of high‐quality office and multifamily properties, primarily concentrated in the coastal regions of Los Angeles County and the Greater Honolulu area. As a vertically integrated real estate platform, Douglas Emmett controls all aspects of property operations, leasing, capital improvements and tenant relations, positioning it to deliver stable, long‐term cash flows.

The company’s office portfolio consists predominantly of Class A buildings located in prime business districts, featuring modern amenities, campus-like settings and environmentally conscious design elements.