World Asset Management Inc raised its position in Douglas Emmett, Inc. (NYSE:DEI) by 16.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,421 shares of the real estate investment trust’s stock after buying an additional 1,468 shares during the period. World Asset Management Inc’s holdings in Douglas Emmett were worth $398,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in Douglas Emmett by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,554 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 64 shares during the period. Bollard Group LLC boosted its position in Douglas Emmett by 0.6% in the second quarter. Bollard Group LLC now owns 15,880 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 92 shares during the period. Public Employees Retirement Association of Colorado boosted its position in Douglas Emmett by 0.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,892 shares of the real estate investment trust’s stock worth $1,333,000 after buying an additional 130 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in Douglas Emmett by 1.0% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 25,064 shares of the real estate investment trust’s stock worth $962,000 after buying an additional 256 shares during the period. Finally, Suntrust Banks Inc. boosted its position in Douglas Emmett by 2.5% in the first quarter. Suntrust Banks Inc. now owns 11,698 shares of the real estate investment trust’s stock worth $448,000 after buying an additional 285 shares during the period. 97.43% of the stock is owned by institutional investors.

Shares of Douglas Emmett, Inc. (NYSE:DEI) opened at 37.53 on Friday. The company’s 50-day moving average price is $38.01 and its 200-day moving average price is $38.48. Douglas Emmett, Inc. has a 12 month low of $33.78 and a 12 month high of $40.79. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 64.15 and a beta of 0.69.

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

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

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A number of equities analysts have recently commented on the company. BidaskClub cut Douglas Emmett from a “sell” rating to a “strong sell” rating in a report on Wednesday. Barclays PLC lowered their price target on Douglas Emmett from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Tuesday, July 18th. Stifel Nicolaus raised Douglas Emmett from a “hold” rating to a “buy” rating and boosted their price target for the stock from $38.00 to $42.00 in a report on Wednesday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research cut Douglas Emmett from a “buy” rating to a “hold” rating in a report on Monday, May 8th. Finally, DA Davidson cut Douglas Emmett from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $45.00 to $43.00 in a report on Thursday, May 18th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Douglas Emmett has a consensus rating of “Hold” and a consensus 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 dated Friday, June 16th. The stock was sold at an average price of $38.97, for a total transaction of $3,897,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 300,000 shares of company stock worth $11,487,000 in the last 90 days. Company insiders own 17.80% of the company’s stock.

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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