Boston Partners boosted its position in Douglas Emmett, Inc. (NYSE:DEI) by 4.1% during the second quarter, Holdings Channel reports. The fund owned 4,068,799 shares of the real estate investment trust’s stock after buying an additional 161,450 shares during the period. Boston Partners’ holdings in Douglas Emmett were worth $155,468,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DEI. Teachers Advisors LLC increased its position in shares of Douglas Emmett by 30.1% in the fourth quarter. Teachers Advisors LLC now owns 193,619 shares of the real estate investment trust’s stock worth $7,079,000 after buying an additional 44,783 shares during the last quarter. Bank of Montreal Can increased its position in shares of Douglas Emmett by 59.3% in the first quarter. Bank of Montreal Can now owns 204,989 shares of the real estate investment trust’s stock worth $7,872,000 after buying an additional 76,305 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Douglas Emmett by 3.1% in the first quarter. Capstone Asset Management Co. now owns 11,248 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 340 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Douglas Emmett by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the real estate investment trust’s stock worth $1,409,000 after buying an additional 1,100 shares during the last quarter. Finally, Bollard Group LLC increased its position in shares of Douglas Emmett by 5.6% in the first quarter. Bollard Group LLC now owns 15,788 shares of the real estate investment trust’s stock worth $606,000 after buying an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 97.43% of the company’s stock.

Douglas Emmett, Inc. (NYSE DEI) opened at 37.53 on Friday. Douglas Emmett, Inc. has a 1-year low of $33.78 and a 1-year high of $40.79. The firm has a 50-day moving average of $38.01 and a 200 day moving average of $38.48. The firm has a market cap of $5.85 billion, a P/E ratio of 64.15 and a beta of 0.69.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $199.60 million for the quarter, compared to analyst estimates of $198.60 million. Douglas Emmett had a return on equity of 2.95% and a net margin of 12.00%. Douglas Emmett’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 earnings per share. On average, analysts predict that Douglas Emmett, Inc. will post $0.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.45%. The ex-dividend date was Wednesday, June 28th. Douglas Emmett’s dividend payout ratio is currently 155.93%.

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DEI has been the subject of a number of analyst reports. Barclays PLC boosted their target price on shares of Douglas Emmett from $35.00 to $36.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research downgraded shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. DA Davidson downgraded shares of Douglas Emmett from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $45.00 to $43.00 in a research note on Thursday, May 18th. BidaskClub upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, BMO Capital Markets restated a “hold” rating and issued a $39.00 price objective on shares of Douglas Emmett in a research note on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $39.56.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the firm’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $38.97, for a total transaction of $3,897,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 300,000 shares of company stock valued at $11,487,000. 17.80% of the stock is owned by company insiders.

About Douglas Emmett

Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).

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Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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