CIBC Asset Management Inc Sells 5,877 Shares of Douglas Emmett, Inc. (NYSE:DEI)

CIBC Asset Management Inc decreased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 36.2% in the 4th quarter, HoldingsChannel reports. The firm owned 10,376 shares of the real estate investment trust’s stock after selling 5,877 shares during the quarter. CIBC Asset Management Inc’s holdings in Douglas Emmett were worth $193,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DEI. Venturi Wealth Management LLC bought a new stake in Douglas Emmett during the third quarter worth about $48,000. Blue Trust Inc. lifted its holdings in shares of Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 3,396 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 750 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Douglas Emmett by 30.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 1,172 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Douglas Emmett by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,497 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 1,677 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

Wall Street Analysts Forecast Growth

DEI has been the subject of a number of research reports. Jefferies Financial Group increased their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Evercore ISI increased their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $16.00 to $21.00 in a report on Thursday, November 14th. One 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. According to MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and a consensus target price of $18.75.

Douglas Emmett Stock Performance

NYSE:DEI opened at $16.66 on Thursday. The company has a market capitalization of $2.79 billion, a PE ratio of 128.16 and a beta of 1.11. The company has a 50 day simple moving average of $17.60 and a two-hundred day simple moving average of $17.65. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. Douglas Emmett, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating 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%. Research analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Tuesday, December 31st. Douglas Emmett’s dividend payout ratio is presently 584.62%.

Douglas Emmett Company 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.