Zacks Investment Management grew its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,470 shares of the real estate investment trust’s stock after buying an additional 1,558 shares during the period. Zacks Investment Management’s holdings in Douglas Emmett were worth $2,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Douglas Emmett by 0.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 7,581 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 27 shares during the last quarter. Bollard Group LLC raised its position in shares of Douglas Emmett by 0.6% during the second quarter. Bollard Group LLC now owns 15,880 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 92 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Douglas Emmett by 0.4% during the second quarter. Public Employees Retirement Association of Colorado now owns 34,892 shares of the real estate investment trust’s stock valued at $1,333,000 after buying an additional 130 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Douglas Emmett by 0.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,433 shares of the real estate investment trust’s stock valued at $819,000 after buying an additional 188 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Douglas Emmett by 9.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,600 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 96.08% of the company’s stock.

In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $37.97, for a total value of $3,797,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 300,000 shares of company stock valued at $11,492,000. 17.80% of the stock is owned by company insiders.

Douglas Emmett, Inc. (NYSE DEI) opened at 39.42 on Friday. The firm’s 50-day moving average is $38.34 and its 200 day moving average is $38.38. Douglas Emmett, Inc. has a 1-year low of $33.78 and a 1-year high of $40.79. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 67.38 and a beta of 0.69.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.01). Douglas Emmett had a net margin of 12.00% and a return on equity of 2.95%. The firm had revenue of $199.60 million during the quarter, compared to analyst estimates of $198.60 million. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts anticipate that Douglas Emmett, Inc. will post $0.55 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, September 28th. Douglas Emmett’s payout ratio is currently 155.93%.

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A number of research firms recently weighed in on DEI. Stifel Nicolaus reissued a “buy” rating and issued a $42.00 target price on shares of Douglas Emmett in a report on Thursday, September 21st. Zacks Investment Research raised shares of Douglas Emmett from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, July 18th. KeyCorp reissued a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. BidaskClub raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $39.00 target price on shares of Douglas Emmett in a report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $39.56.

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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