Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI) by 47.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,702,732 shares of the real estate investment trust’s stock after selling 3,342,397 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Douglas Emmett were worth $68,725,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in Douglas Emmett by 1.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust’s stock worth $147,437,000 after buying an additional 125,727 shares during the period. FMR LLC increased its position in Douglas Emmett by 59.6% during the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust’s stock worth $144,662,000 after buying an additional 2,910,490 shares during the period. Charles Schwab Investment Management Inc. increased its position in Douglas Emmett by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust’s stock worth $70,764,000 after buying an additional 14,886 shares during the period. JPMorgan Chase & Co. increased its position in Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust’s stock worth $49,826,000 after buying an additional 1,520,348 shares during the period. Finally, Hsbc Holdings PLC increased its position in Douglas Emmett by 0.4% during the fourth quarter. Hsbc Holdings PLC now owns 2,508,153 shares of the real estate investment trust’s stock worth $46,265,000 after buying an additional 9,876 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Stock Down 0.3 %

Shares of NYSE DEI opened at $14.20 on Tuesday. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The firm has a 50-day moving average price of $15.36 and a 200 day moving average price of $17.28. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 109.24 and a beta of 1.09.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Equities research analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is 584.62%.

Analysts Set New Price Targets

DEI has been the topic of several research analyst reports. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. StockNews.com downgraded Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Wedbush upgraded shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. Jefferies Financial Group started coverage on shares of Douglas Emmett in a research note on Monday, March 17th. They issued a “hold” rating and a $16.00 target price for the company. Finally, Piper Sandler upgraded shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Monday, January 13th. 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 MarketBeat.com, Douglas Emmett currently has an average rating of “Hold” and a consensus price target of $18.50.

About Douglas Emmett

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.