Douglas Emmett (DEI)

• Market cap: $3.12B
• Sector: Financials
• Industry: Real Estate Investment Trusts

About: Douglas Emmett Inc is a real estate investment trust that acquires, develops, and manages office and multifamily properties in Los Angeles, California and Honolulu, Hawaii in the U.S. The company focuses on owning assets in communities with large supply constraints, such as the affluent neighborhoods of Los Angeles. The vast majority of Douglas Emmett's real estate portfolio is comprised of office buildings in Los Angeles. Most of these assets are located in the areas of Sherman Oaks, Woodland Hills, and Beverly Hills in terms of total square feet. Douglas Emmett derives nearly all of its income in the form of rental revenue from tenants. The vast majority of this also comes from its Los Angeles office buildings. The company's major tenants are legal, financial, and entertainment firms.

Employees: 750

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

34% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 29

4% more funds holding

Funds holding: 238 [Q1] → 248 (+10) [Q2]

8% more repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 89

0.55% less ownership

Funds ownership: 106.16% [Q1] → 105.61% (-0.55%) [Q2]

5% less capital invested

Capital invested by funds: $2.46B [Q1] → $2.35B (-$112M) [Q2]

34% less call options, than puts

Call options by funds: $2.76M | Put options by funds: $4.17M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $16 14% downside
• Avg. target: $16.50 12% downside
• High target: $18 3% downside

6 analyst ratings

• positive: 1 17%
• neutral: 5 83%
• negative: 0 0%

Citigroup Emmanuel Korchman 0% 1-year accuracy 0 / 1 met price target	14% downside $16	Neutral Maintained	12 Sept 2024
Wells Fargo Blaine Heck 58% 1-year accuracy 7 / 12 met price target	9% downside $17	Overweight Maintained	11 Sept 2024
JP Morgan Anthony Paolone 71% 1-year accuracy 12 / 17 met price target	3% downside $18	Neutral Maintained	9 Sept 2024
Evercore ISI Group Steve Sakwa 59% 1-year accuracy 33 / 56 met price target	14% downside $16	In-Line Maintained	28 Aug 2024
Scotiabank Nicholas Yulico 67% 1-year accuracy 18 / 27 met price target	14% downside $16	Sector Perform Maintained	26 Aug 2024