Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,960 shares of the real estate investment trust’s stock after selling 14,100 shares during the period. Handelsbanken Fonder AB’s holdings in Douglas Emmett were worth $1,317,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DEI. Victory Capital Management Inc. lifted its stake in shares of 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 buying an additional 1,543,099 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 last quarter. FMR LLC grew its stake in shares of 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 valued at $85,809,000 after buying an additional 384,371 shares in the last quarter. NFJ Investment Group LLC purchased a new stake in Douglas Emmett during the third quarter worth about $6,210,000. Finally, Advisors Preferred LLC purchased a new position in Douglas Emmett in the fourth quarter valued at $4,028,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Stock Up 1.9 %

Shares of Douglas Emmett stock opened at $16.66 on Thursday. The business has a 50-day moving average price of $17.60 and a 200 day moving average price of $17.65. Douglas Emmett, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $20.50. The firm has a market cap of $2.79 billion, a P/E ratio of 128.16 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50.

Douglas Emmett (NYSE:DEI) last issued its quarterly 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 return on equity of 0.63% and a net margin of 2.38%. On average, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 dividend yield of 4.56%. The ex-dividend date of this dividend was Tuesday, December 31st. Douglas Emmett’s payout ratio is 584.62%.

Wall Street Analyst Weigh In

DEI has been the subject of several recent analyst reports. Scotiabank upgraded shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Jefferies Financial Group boosted their target price on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Janney Montgomery Scott reissued 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 note on Thursday, November 7th. Finally, Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, January 13th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.75.

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.