Choreo LLC Reduces Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Choreo LLC cut its stake in Douglas Emmett, Inc. (NYSE:DEI) by 24.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,157 shares of the real estate investment trust’s stock after selling 3,531 shares during the quarter. Choreo LLC’s holdings in Douglas Emmett were worth $207,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DEI. Victory Capital Management Inc. increased 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 valued at $27,729,000 after buying an additional 1,543,099 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Douglas Emmett by 379.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust’s stock worth $19,071,000 after acquiring an additional 858,857 shares during the period. FMR LLC grew its stake in Douglas Emmett by 8.5% in the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after acquiring an additional 384,371 shares during the period. NFJ Investment Group LLC purchased a new stake in Douglas Emmett in the 3rd quarter worth approximately $6,210,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Douglas Emmett by 3.5% in the 3rd 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 acquiring an additional 127,274 shares during the period. 97.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on DEI shares. Jefferies Financial Group lifted their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $19.00 to $21.00 in a research report on Thursday, January 2nd. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Evercore ISI upped their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.75.

Douglas Emmett Trading Down 0.7 %

Shares of NYSE:DEI opened at $16.99 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 130.73 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. The company has a 50 day moving average price of $18.08 and a 200 day moving average price of $17.57.

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

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.19 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.47%. Douglas Emmett’s dividend payout ratio is 584.66%.

Douglas Emmett Profile

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.