BlackRock Fund Advisors has recently announced that it has increased stake in Douglas Emmett Inc (NYSE:DEI) by 19.88%. After grabbing 20.35 million shares, the institutional investor is now in possession of 3.37 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 12.21% having worth around $248.71 million. Moreover, Wellington Management Co. LLP increased its share by 1.95 million to have a control over 9.2 million shares. And Norges Bank Investment Management raised its holdings to 0.35 million shares by acquiring 7.3 million shares or 4.38% of the stake.
Douglas Emmett Inc (DEI) concluded trading on 12/27/23 at a closing price of $14.89, with 5.07 million shares of worth about $75.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.37% during that period and on Wednesday the price saw a loss of about -2.17%. Currently the company’s common shares owned by public are about 175.81M shares, out of which, 160.12M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 13 analysts are covering the DEI stock and their offered price forecasts bring an average price target of $13.46. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.00 and could fall to a lowest price of $9.00. The stock’s current price level is -10.62% below of average price target set by the analysts, while a dip to estimated low would result in loss of -65.44% for the stock. However, touching the estimated high of $17.00 would mean a gain of 12.41% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 1 times over the past 12 months. They bought 10,000 shares in 1 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
First Eagle Global Fund, iShares Core S&P Small Cap ETF, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in Douglas Emmett Inc First Eagle Global Fund is currently holding 9.16 million shares of worth totaling $111.96 million. The company recently came buying 0.0 shares which brought its stake up to 5.50% of the company’s outstanding shares. Government Pension Fund – Global, after buying 7.3 million shares, have now control over 4.38% of the stake in the company. It holds 355.0 shares of worth $89.23 million.
Douglas Emmett Inc (NYSE: DEI) started trading at $15.19, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 15.23, or with a loss of -2.17%. Stock saw a price change of -1.33% in past 5 days and over the past one month there was a price change of 31.19%. Year-to-date (YTD), DEI shares are showing a performance of -5.04% which decreased to -6.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.09 but also hit the highest price of $17.98 during that period. The average intraday trading volume for Douglas Emmett Inc shares is 2.21 million. The stock is currently trading 4.76% above its 20-day simple moving average (SMA20), while that difference is up 17.35% for SMA50 and it goes to 17.51% higher than SMA200.
BlackRock Fund Advisors acquired 20.35 million shares of Douglas Emmett Inc having value of about $248.71 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 3.37 million shares in the company valued at close to $50250980.46, or have control over 19.88% stake in the company. Douglas Emmett Inc (NYSE: DEI) currently have 175.81M outstanding shares and institutions hold larger chunk of about 118.26% of that. Holding of mutual funds in the company is about 44.99% while other institutional holders and individual stake holders have control over 73.58% and 4.77% of the stake respectively.
The stock has a current market capitalization of $2.48B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 129.37, while it has posted earnings per share of $0.12 in the same period. Its PEG reads 21.82 while making debt-to-equity ratio of 2.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DEI, volatility over the week remained 3.73% while standing at 4.38% over the month.
Analysts are in expectations that Douglas Emmett Inc (DEI) stock would likely to be making an EPS of $D.R. Horton, Inc. in the current quarter, while forecast for next quarter EPS is $151.75 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Diageo plc which is $Ring Energy, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Camber Energy, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -118.76% while it is estimated to decrease by -318.42% in next year. EPS is likely to grow at an annualized rate of 5.93% for next 5-years, compared to annual growth of -1.21% made by the stock over the past 5-years.
Analysts at 13 brokerage firms have issued recommendations for the Douglas Emmett Inc (DEI)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 13 Wall Street analysts, 2 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on October 03, 2023 offering a Neutral rating for the stock and assigned a target price of $13 to it.
