Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its position in Douglas Emmett, Inc. (NYSE:DEI) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,203 shares of the real estate investment trust’s stock after selling 15,041 shares during the period. Alliancebernstein L.P.’s holdings in Douglas Emmett were worth $3,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Douglas Emmett by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after acquiring an additional 26,961 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Douglas Emmett by 130.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock valued at $49,826,000 after purchasing an additional 1,520,348 shares during the period. Empowered Funds LLC acquired a new stake in Douglas Emmett during the fourth quarter worth about $412,000. Principal Financial Group Inc. raised its stake in Douglas Emmett by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust’s stock worth $15,064,000 after purchasing an additional 22,878 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Douglas Emmett in the 4th quarter valued at about $281,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Piper Sandler upgraded shares of 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. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Jefferies Financial Group began coverage on Douglas Emmett in a research report on Monday, March 17th. They issued a “hold” rating and a $16.00 target price on the stock. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Finally, StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Douglas Emmett has an average rating of “Hold” and a consensus price target of $18.50.

Douglas Emmett Price Performance

DEI stock opened at $13.84 on Tuesday. The business’s fifty day moving average price is $15.99 and its 200 day moving average price is $17.53. Douglas Emmett, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $2.32 billion, a PE ratio of 106.47 and a beta of 1.09.

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 (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, sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 5.49%. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

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.