Yousif Capital Management LLC Has $988,000 Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Yousif Capital Management LLC reduced its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 2.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 61,767 shares of the real estate investment trust’s stock after selling 1,660 shares during the quarter. Yousif Capital Management LLC’s holdings in Douglas Emmett were worth $988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Douglas Emmett by 130.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock worth $49,826,000 after purchasing an additional 1,520,348 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Douglas Emmett by 42.5% in the 4th quarter. Bank of America Corp DE now owns 609,662 shares of the real estate investment trust’s stock valued at $11,315,000 after buying an additional 181,909 shares during the last quarter. Empowered Funds LLC acquired a new stake in Douglas Emmett during the 4th quarter valued at $412,000. Principal Financial Group Inc. lifted its holdings in Douglas Emmett by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust’s stock valued at $15,064,000 after purchasing an additional 22,878 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Douglas Emmett during the 4th quarter valued at $281,000. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Price Performance

Shares of NYSE DEI opened at $14.80 on Thursday. The firm has a market capitalization of $2.48 billion, a P/E ratio of 46.25 and a beta of 1.22. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 1.54. The stock’s 50-day simple moving average is $14.33 and its two-hundred day simple moving average is $16.26. Douglas Emmett, Inc. has a twelve month low of $12.39 and a twelve month high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $251.54 million during the quarter, compared to analysts’ expectations of $246.49 million. Douglas Emmett had a return on equity of 1.48% and a net margin of 5.48%. Douglas Emmett’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. As a group, equities analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Monday, June 30th. Douglas Emmett’s dividend payout ratio is currently 237.50%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. Piper Sandler reduced their price objective on Douglas Emmett from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company lowered their price objective on Douglas Emmett from $20.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Finally, Jefferies Financial Group assumed coverage on Douglas Emmett in a research note on Monday, March 17th. They issued a “hold” rating and a $16.00 price objective on the stock. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.13.

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.