Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 527,902 shares of the real estate investment trust’s stock after selling 13,605 shares during the quarter. Rhumbline Advisers’ holdings in Douglas Emmett were worth $9,798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. New York State Teachers Retirement System lifted its stake in Douglas Emmett by 6.7% during the 4th quarter. New York State Teachers Retirement System now owns 112,422 shares of the real estate investment trust’s stock valued at $2,087,000 after acquiring an additional 7,046 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Douglas Emmett by 2.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 244,049 shares of the real estate investment trust’s stock worth $4,547,000 after purchasing an additional 5,548 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Douglas Emmett by 16.1% during the fourth quarter. Van ECK Associates Corp now owns 35,906 shares of the real estate investment trust’s stock worth $667,000 after purchasing an additional 4,989 shares during the last quarter. Empowered Funds LLC acquired a new position in Douglas Emmett during the fourth quarter valued at $412,000. Finally, Advisors Preferred LLC purchased a new stake in Douglas Emmett in the fourth quarter valued at $4,028,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DEI shares. StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Jefferies Financial Group lifted their price target on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Piper Sandler raised 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. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Finally, Evercore ISI boosted their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.75.

Douglas Emmett Trading Down 0.6 %

Shares of NYSE:DEI opened at $16.02 on Tuesday. The business’s 50 day moving average price is $17.68 and its 200-day moving average price is $17.64. Douglas Emmett, Inc. has a 1 year low of $12.50 and a 1 year high of $20.50. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 123.20 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09.

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, beating the consensus estimate 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, equities research analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.75%. Douglas Emmett’s dividend payout ratio (DPR) is currently 584.62%.

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.