Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 3.4% in the 3rd quarter, Holdings Channel reports. The firm owned 7,818,084 shares of the real estate investment trust’s stock after selling 272,114 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Douglas Emmett were worth $137,364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DEI. Inspire Investing LLC boosted its position in Douglas Emmett by 3.4% during the 2nd quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust’s stock valued at $353,000 after purchasing an additional 883 shares during the period. Arizona State Retirement System boosted its holdings in shares of Douglas Emmett by 2.2% during the second quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 1,027 shares during the period. GAMMA Investing LLC grew its position in shares of Douglas Emmett by 44.6% during the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,175 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Douglas Emmett by 3.9% in the 2nd quarter. AQR Capital Management LLC now owns 36,432 shares of the real estate investment trust’s stock worth $479,000 after acquiring an additional 1,377 shares during the period. Finally, Raleigh Capital Management Inc. lifted its position in Douglas Emmett by 62.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 1,476 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Stock Up 1.5 %

Shares of DEI stock opened at $19.32 on Friday. Douglas Emmett, Inc. has a 1 year low of $11.08 and a 1 year high of $19.59. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. The business’s fifty day moving average is $18.06 and its 200-day moving average is $15.73. The stock has a market cap of $3.23 billion, a PE ratio of -193.20 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The firm had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. During the same period in the previous year, the firm earned $0.45 earnings per share. Douglas Emmett’s revenue was down 1.8% on a year-over-year basis. Equities analysts expect that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.93%. Douglas Emmett’s payout ratio is currently -760.00%.

Analyst Ratings Changes

Several research analysts have commented on DEI shares. Wells Fargo & Company upped their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Piper Sandler increased their price objective on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Citigroup lifted their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. increased their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.43.

About Douglas Emmett

Douglas Emmett, Inc (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities.