Douglas Emmett Target of Unusually Large Options Trading (NYSE:DEI)

Douglas Emmett, Inc. (NYSE:DEI) was the target of some unusual options trading on Wednesday. Stock traders bought 2,500 call options on the company. This is an increase of approximately 389% compared to the average volume of 511 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Douglas Emmett by 1.0% during the second quarter. State Street Corp now owns 9,759,702 shares of the real estate investment trust’s stock valued at $148,593,000 after acquiring an additional 100,396 shares in the last quarter. Wellington Management Group LLP raised its holdings in Douglas Emmett by 3.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,971,770 shares of the real estate investment trust’s stock worth $108,550,000 after purchasing an additional 256,191 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Douglas Emmett by 18.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,684,450 shares of the real estate investment trust’s stock worth $88,507,000 after purchasing an additional 899,233 shares during the period. Geode Capital Management LLC lifted its position in shares of Douglas Emmett by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,362,611 shares of the real estate investment trust’s stock worth $65,620,000 after purchasing an additional 46,651 shares during the period. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Douglas Emmett by 142.7% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,544,575 shares of the real estate investment trust’s stock valued at $39,619,000 after purchasing an additional 1,496,132 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Up 2.0%

Shares of NYSE:DEI traded up $0.22 during trading on Wednesday, reaching $11.02. 648,810 shares of the company traded hands, compared to its average volume of 2,769,283. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.58. Douglas Emmett has a 52-week low of $10.71 and a 52-week high of $18.60. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 91.78 and a beta of 1.14. The business’s fifty day moving average is $11.49 and its 200-day moving average is $13.74.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $250.58 million during the quarter, compared to analyst estimates of $252.73 million. Douglas Emmett had a net margin of 2.22% and a return on equity of 0.62%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. Douglas Emmett has set its FY 2025 guidance at 1.430-1.470 EPS. As a group, analysts forecast that Douglas Emmett will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Wednesday, December 31st. Douglas Emmett’s dividend payout ratio is currently 633.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DEI shares. Weiss Ratings cut Douglas Emmett from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Cantor Fitzgerald restated a “neutral” rating and issued a $11.00 target price on shares of Douglas Emmett in a research report on Monday, January 5th. JPMorgan Chase & Co. cut their target price on Douglas Emmett from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. UBS Group downgraded shares of Douglas Emmett to a “sector perform” rating in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company lowered their price objective on shares of Douglas Emmett from $20.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Douglas Emmett currently has a consensus rating of “Hold” and a consensus target price of $15.00.

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.