Douglas Emmett, Inc. (NYSE:DEI) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in Douglas Emmett, Inc. (NYSE:DEI) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 182,461 shares of the real estate investment trust’s stock after buying an additional 860 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Douglas Emmett were worth $3,386,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Bamco Inc. NY lifted its holdings in Douglas Emmett by 0.3% in the third quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after purchasing an additional 20,000 shares during the period. FMR LLC lifted its holdings in Douglas Emmett by 8.5% in the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after purchasing an additional 384,371 shares during the period. Geode Capital Management LLC lifted its holdings in Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after purchasing an additional 26,961 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Douglas Emmett by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after purchasing an additional 127,274 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Douglas Emmett by 4,395.5% in the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock worth $27,729,000 after purchasing an additional 1,543,099 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

DEI has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Monday, January 13th. Evercore ISI upped their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group upped their price target on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.75.

Douglas Emmett Price Performance

NYSE DEI opened at $17.10 on Friday. The stock’s 50-day moving average price is $18.17 and its two-hundred day moving average price is $17.55. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The company has a market cap of $2.86 billion, a PE ratio of 131.51 and a beta of 1.11. Douglas Emmett, Inc. has a 1 year low of $12.50 and a 1 year high of $20.50.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. On average, analysts predict that Douglas Emmett, Inc. will post 1.44 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.45%. Douglas Emmett’s dividend payout ratio is 584.66%.

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.