Is Douglas Emmett (DEI) an Attractive Stock to Invest in?

Diamond Hill Capital, an investment management company, released its “Small Cap Strategy” third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy returned -1.50% net of fees compared to a -2.19% return for the Russell 2000 Index. Investment in consumer staples, technology, and financial sectors contributed positively to the strategy’s performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Diamond Hill Capital discussed stocks like Douglas Emmett, Inc. (NYSE:DEI) in the Q3 2022 investor letter. Douglas Emmett, Inc. (NYSE:DEI) is a real estate investment trust. On October 24, 2022, Douglas Emmett, Inc. (NYSE:DEI) stock closed at $16.69 per share. One-month return of Douglas Emmett, Inc. (NYSE:DEI) was -7.43% and its shares lost 50.87% of their value over the last 52 weeks. Douglas Emmett, Inc. (NYSE:DEI) has a market capitalization of $3.438 billion.

Diamond Hill Capital made the following comment about Douglas Emmett, Inc. (NYSE:DEI) in its Q3 2022 investor letter:

“Douglas Emmett, Inc. (NYSE:DEI) is a West Coast-focused office and apartment REIT. Office fundamentals remain pressured, giving us what appeared to be an opportunity to buy DEI at an attractive discount to our intrinsic value estimate. We believe DEI’s small tenant focus and lack of new supply in its chosen markets position it well. DEI’s balance sheet is solid, and it has a management team that has proven to be a good allocator of capital.”

Stuart Monk / shutterstock.com

Douglas Emmett, Inc. (NYSE:DEI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held Douglas Emmett, Inc. (NYSE:DEI) at the end of the second quarter, which was 23 in the previous quarter.

We discussed Douglas Emmett, Inc. (NYSE:DEI) in another article and shared the list of dividend stocks to buy according to Kenneth Tropin’s Graham Capital Management. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.