Prudential Financial Inc. Cuts Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Prudential Financial Inc. cut its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 5.0% in the 4th quarter, HoldingsChannel reports. The firm owned 256,561 shares of the real estate investment trust’s stock after selling 13,530 shares during the quarter. Prudential Financial Inc.’s holdings in Douglas Emmett were worth $4,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Bamco Inc. NY increased its holdings in Douglas Emmett by 0.3% during 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 buying an additional 20,000 shares during the last quarter. FMR LLC lifted its stake 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 valued at $85,809,000 after purchasing an additional 384,371 shares during the last quarter. Geode Capital Management LLC grew its holdings in Douglas Emmett by 0.7% during the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after purchasing an additional 26,961 shares during the period. Charles Schwab Investment Management Inc. increased its position in Douglas Emmett by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock worth $70,764,000 after buying an additional 14,886 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Douglas Emmett by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,593,909 shares of the real estate investment trust’s stock valued at $29,583,000 after buying an additional 15,704 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Trading Down 0.5 %

Shares of DEI stock opened at $16.01 on Tuesday. The business has a 50-day moving average price of $16.85 and a two-hundred day moving average price of $17.79. Douglas Emmett, Inc. has a 12-month low of $12.50 and a 12-month high of $20.50. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The firm has a market cap of $2.68 billion, a P/E ratio of 123.19 and a beta of 1.13.

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, topping 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%. Equities analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s dividend payout ratio is currently 584.62%.

Analyst Ratings Changes

DEI has been the subject of several recent research reports. Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, January 13th. Jefferies Financial Group assumed coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They issued a “hold” rating and a $16.00 target price for the company. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and upped their price target for the company from $19.00 to $21.00 in a research note on Thursday, January 2nd. StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.50.

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.