Hsbc Holdings PLC Raises Stake in Douglas Emmett, Inc. $DEI

Hsbc Holdings PLC increased its position in Douglas Emmett, Inc. (NYSE:DEI) by 27.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,784,496 shares of the real estate investment trust’s stock after buying an additional 382,249 shares during the quarter. Hsbc Holdings PLC’s holdings in Douglas Emmett were worth $19,642,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Douglas Emmett by 43.4% during the first quarter. Royal Bank of Canada now owns 29,746 shares of the real estate investment trust’s stock valued at $476,000 after acquiring an additional 9,007 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Douglas Emmett by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,105 shares of the real estate investment trust’s stock valued at $1,538,000 after purchasing an additional 4,186 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Douglas Emmett by 8.4% in the first quarter. Empowered Funds LLC now owns 24,086 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 1,864 shares during the period. Intech Investment Management LLC raised its position in Douglas Emmett by 33.4% in the 1st quarter. Intech Investment Management LLC now owns 83,994 shares of the real estate investment trust’s stock worth $1,344,000 after purchasing an additional 21,035 shares during the period. Finally, Creative Planning raised its holdings in shares of Douglas Emmett by 6.7% in the second quarter. Creative Planning now owns 21,024 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 1,317 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Price Performance

NYSE DEI opened at $12.22 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.63 and a current ratio of 2.63. The firm’s 50 day moving average price is $11.81 and its 200-day moving average price is $10.85. Douglas Emmett, Inc. has a 52-week low of $9.04 and a 52-week high of $16.99. The company has a market cap of $2.05 billion, a PE ratio of -71.91, a P/E/G ratio of 6.54 and a beta of 1.15.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $250.96 million during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.40 earnings per share. Douglas Emmett has set its FY 2026 guidance at 1.390-1.45 EPS. Sell-side analysts forecast that Douglas Emmett, Inc. will post 1.41 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Tuesday, June 30th. Douglas Emmett’s dividend payout ratio is -447.06%.

Analysts Set New Price Targets

Several research firms recently commented on DEI. Wells Fargo & Company raised their price target on shares of Douglas Emmett from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Wall Street Zen upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Scotiabank increased their price objective on Douglas Emmett from $11.50 to $12.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 21st. Evercore set a $14.00 price objective on Douglas Emmett in a report on Monday, June 8th. Finally, Citigroup lifted their target price on Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Douglas Emmett has an average rating of “Hold” and a consensus price target of $13.50.

Douglas Emmett Company Profile

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.