The Manufacturers Life Insurance Company Acquires New Holdings in Douglas Emmett, Inc. $DEI

The Manufacturers Life Insurance Company acquired a new stake in Douglas Emmett, Inc. (NYSE:DEI) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 81,199 shares of the real estate investment trust’s stock, valued at approximately $958,000.

Several other hedge funds have also recently added to or reduced their stakes in DEI. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Douglas Emmett in the second quarter valued at approximately $1,650,000. BlackRock Inc. acquired a new position in shares of Douglas Emmett during the 2nd quarter worth approximately $287,803,000. Quantinno Capital Management LP raised its position in shares of Douglas Emmett by 52.4% during the 1st quarter. Quantinno Capital Management LP now owns 377,327 shares of the real estate investment trust’s stock worth $3,554,000 after purchasing an additional 129,785 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Douglas Emmett by 19.1% in the 1st quarter. Hsbc Holdings PLC now owns 2,126,023 shares of the real estate investment trust’s stock valued at $20,100,000 after buying an additional 341,527 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its stake in Douglas Emmett by 54.7% in the 4th quarter. Centersquare Investment Management LLC now owns 2,539,450 shares of the real estate investment trust’s stock valued at $27,909,000 after buying an additional 897,630 shares in the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DEI has been the topic of a number of analyst reports. Evercore set a $14.00 target price on Douglas Emmett in a report on Monday, June 8th. Piper Sandler boosted their price target on Douglas Emmett from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Citigroup upped their price objective on Douglas Emmett from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wells Fargo & Company increased their price objective on Douglas Emmett from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Wall Street Zen upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.71.

Douglas Emmett Stock Performance

Shares of DEI opened at $11.41 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.60 and a current ratio of 2.60. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -76.06, a PEG ratio of 5.13 and a beta of 1.15. The company’s 50 day simple moving average is $11.95 and its 200 day simple moving average is $11.17. Douglas Emmett, Inc. has a 1 year low of $9.04 and a 1 year high of $16.99.

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

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 6.7%. Douglas Emmett’s dividend payout ratio (DPR) is -506.67%.

Douglas Emmett 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.