Shirley Wang Purchases 284,000 Shares of Douglas Emmett, Inc. (NYSE:DEI) Stock

Douglas Emmett, Inc. (NYSE:DEIGet Rating) Director Shirley Wang acquired 284,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were bought at an average price of $21.17 per share, for a total transaction of $6,012,280.00. Following the completion of the acquisition, the director now owns 284,000 shares of the company’s stock, valued at $6,012,280. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Douglas Emmett Stock Performance

Shares of DEI opened at $21.26 on Friday. The firm has a 50-day moving average of $21.75 and a 200-day moving average of $26.61. Douglas Emmett, Inc. has a one year low of $18.99 and a one year high of $36.97. The company has a market cap of $3.74 billion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.04 and a quick ratio of 3.04.

Douglas Emmett (NYSE:DEIGet Rating) last announced its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Douglas Emmett had a net margin of 9.78% and a return on equity of 2.14%. The company had revenue of $247.00 million during the quarter, compared to the consensus estimate of $245.29 million. During the same quarter last year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts forecast that Douglas Emmett, Inc. will post 2.05 earnings per share for the current year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Friday, September 30th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is Thursday, September 29th. Douglas Emmett’s dividend payout ratio (DPR) is presently 228.58%.

Analysts Set New Price Targets

A number of brokerages recently commented on DEI. Wells Fargo & Company dropped their price objective on shares of Douglas Emmett from $28.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, August 30th. Evercore ISI set a $33.00 price target on shares of Douglas Emmett in a research note on Monday, June 20th. Raymond James lowered their price target on shares of Douglas Emmett from $38.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday, August 4th. Credit Suisse Group assumed coverage on shares of Douglas Emmett in a research note on Wednesday, June 22nd. They issued an “outperform” rating and a $27.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Douglas Emmett from $38.00 to $32.00 in a research note on Tuesday, June 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Douglas Emmett currently has a consensus rating of “Moderate Buy” and an average target price of $28.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Douglas Emmett during the 4th quarter worth about $244,608,000. State Street Corp boosted its holdings in shares of Douglas Emmett by 13.1% during the 1st quarter. State Street Corp now owns 9,474,627 shares of the real estate investment trust’s stock worth $319,244,000 after buying an additional 1,095,717 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Douglas Emmett by 340.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,195,509 shares of the real estate investment trust’s stock worth $26,445,000 after buying an additional 924,195 shares during the period. Millennium Management LLC boosted its holdings in shares of Douglas Emmett by 1,689.2% during the 4th quarter. Millennium Management LLC now owns 829,960 shares of the real estate investment trust’s stock worth $27,804,000 after buying an additional 783,574 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Douglas Emmett by 12.5% during the 1st quarter. Wellington Management Group LLP now owns 6,844,166 shares of the real estate investment trust’s stock worth $228,732,000 after buying an additional 759,320 shares during the period. Institutional investors own 93.57% of the company’s stock.

About Douglas Emmett

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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.

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