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

Palisade Capital Management LP purchased a new position in Douglas Emmett, Inc. (NYSE:DEI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 86,367 shares of the real estate investment trust’s stock, valued at approximately $1,019,000. Palisade Capital Management LP owned approximately 0.05% of Douglas Emmett at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Canada Pension Plan Investment Board bought a new stake in shares of Douglas Emmett in the 2nd quarter valued at approximately $870,000. Legal & General Group Plc bought a new position in shares of Douglas Emmett during the 2nd quarter valued at approximately $27,572,000. The Manufacturers Life Insurance Company bought a new position in shares of Douglas Emmett during the 2nd quarter valued at approximately $958,000. Greenland Capital Management LP purchased a new stake in Douglas Emmett during the 2nd quarter valued at $885,000. Finally, Farringdon Capital Ltd. purchased a new stake in Douglas Emmett during the 2nd quarter valued at $134,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DEI has been the subject of several recent analyst reports. Evercore set a $14.00 price objective on shares of Douglas Emmett in a research note on Monday, June 8th. Wells Fargo & Company raised their target price on shares of Douglas Emmett from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Piper Sandler lifted their price target on shares of Douglas Emmett from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald upped their price target on shares of Douglas Emmett from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.71.

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock opened at $11.96 on Thursday. The stock’s fifty day moving average is $11.97 and its two-hundred day moving average is $11.11. The company has a market capitalization of $2.00 billion, a PE ratio of -79.73, a price-to-earnings-growth ratio of 5.45 and a beta of 1.15. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 1.63. Douglas Emmett, Inc. has a 52 week low of $9.04 and a 52 week high of $16.99.

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

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.