Palisade Capital Management LP Purchases New Position in Douglas Emmett, Inc. $DEI

Palisade Capital Management LP acquired a new position in Douglas Emmett, Inc. (NYSE:DEI) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 86,367 shares of the real estate investment trust’s stock, valued at approximately $1,019,000.

Several other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 1,166 shares during the period. Advisory Services Network LLC purchased a new position in shares of Douglas Emmett during the third quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Douglas Emmett by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,894 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,226 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Douglas Emmett by 98.7% in the fourth quarter. Hantz Financial Services Inc. now owns 5,209 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 2,588 shares in the last quarter. Finally, Frazier Financial Advisors LLC raised its holdings in shares of Douglas Emmett by 47.0% in the fourth quarter. Frazier Financial Advisors LLC now owns 5,456 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,745 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Trading Down 1.6%

Shares of NYSE DEI opened at $11.96 on Thursday. Douglas Emmett, Inc. has a 1-year low of $9.04 and a 1-year high of $16.99. The business has a fifty day moving average price of $11.97 and a 200 day moving average price of $11.11. The stock has a market capitalization of $2.00 billion, a P/E ratio of -79.73, a price-to-earnings-growth ratio of 5.45 and a beta of 1.15. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.60 and a quick ratio of 2.60.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, August 4th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.38). The company had revenue of $256.55 million during the quarter, compared to analysts’ expectations of $253.35 million. Douglas Emmett had a negative net margin of 2.27% and a negative return on equity of 0.66%. Douglas Emmett’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. Douglas Emmett has set its FY 2026 guidance at 1.390-1.430 EPS. Equities research analysts expect that Douglas Emmett, Inc. will post 1.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DEI shares. Weiss Ratings upgraded shares of Douglas Emmett from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 23rd. Citigroup boosted their price target on shares of Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Evercore set a $14.00 price target on shares of Douglas Emmett in a research report on Monday, June 8th. Piper Sandler increased their price objective on shares of Douglas Emmett from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.71.

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.