AQR Capital Management LLC Raises Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

AQR Capital Management LLC lifted its stake in Douglas Emmett, Inc. (NYSE:DEI) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,432 shares of the real estate investment trust’s stock after buying an additional 1,377 shares during the period. AQR Capital Management LLC’s holdings in Douglas Emmett were worth $479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DEI. Vanguard Group Inc. raised its position in Douglas Emmett by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock valued at $379,716,000 after purchasing an additional 229,301 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Douglas Emmett during the second quarter worth about $3,825,000. GSA Capital Partners LLP grew its holdings in shares of Douglas Emmett by 356.7% during the first quarter. GSA Capital Partners LLP now owns 116,902 shares of the real estate investment trust’s stock worth $1,621,000 after buying an additional 91,305 shares during the last quarter. Centersquare Investment Management LLC increased its position in Douglas Emmett by 20.8% in the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock valued at $59,817,000 after acquiring an additional 751,419 shares during the period. Finally, Swedbank AB purchased a new stake in Douglas Emmett during the 1st quarter valued at approximately $661,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

Shares of DEI opened at $18.03 on Tuesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 1.47. Douglas Emmett, Inc. has a 52-week low of $10.76 and a 52-week high of $18.08. The company has a 50-day simple moving average of $16.32 and a 200-day simple moving average of $14.72. The company has a market capitalization of $3.02 billion, a PE ratio of -58.15 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). The company had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $246.62 million. Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. Equities research analysts predict that Douglas Emmett, Inc. will post 1.67 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Monday, September 30th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 4.22%. Douglas Emmett’s dividend payout ratio is presently -245.16%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DEI. JPMorgan Chase & Co. boosted their target price on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Wells Fargo & Company boosted their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Evercore ISI raised their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Piper Sandler boosted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Citigroup increased their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Douglas Emmett presently has a consensus rating of “Hold” and a consensus target price of $16.29.

Douglas Emmett Profile

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.