Profund Advisors LLC cut its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,207 shares of the real estate investment trust’s stock after selling 1,495 shares during the period. Profund Advisors LLC’s holdings in Douglas Emmett were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the company. Chilton Capital Management LLC raised its position in shares of Douglas Emmett by 7.0% in the 4th quarter. Chilton Capital Management LLC now owns 257,653 shares of the real estate investment trust’s stock worth $10,579,000 after acquiring an additional 16,910 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Douglas Emmett by 36.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,773,400 shares of the real estate investment trust’s stock worth $72,816,000 after acquiring an additional 474,400 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Douglas Emmett by 212.2% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 186,060 shares of the real estate investment trust’s stock worth $7,639,000 after acquiring an additional 126,460 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Douglas Emmett by 1.5% in the 4th quarter. Alliancebernstein L.P. now owns 181,935 shares of the real estate investment trust’s stock worth $7,470,000 after acquiring an additional 2,708 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Douglas Emmett in the 4th quarter valued at about $1,675,000. 98.29% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on DEI shares. Zacks Investment Research upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Robert W. Baird restated a “buy” rating and issued a $45.00 target price on shares of Douglas Emmett in a research note on Tuesday, January 9th. Sandler O’Neill restated a “hold” rating and issued a $42.00 target price on shares of Douglas Emmett in a research note on Tuesday, January 23rd. Stifel Nicolaus reduced their target price on Douglas Emmett from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Finally, BMO Capital Markets set a $38.00 target price on Douglas Emmett and gave the company a “hold” rating in a research note on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Douglas Emmett has a consensus rating of “Hold” and a consensus price target of $41.00.
Shares of Douglas Emmett, Inc. (NYSE DEI) opened at $37.32 on Friday. The company has a market capitalization of $6,340.08, a PE ratio of 65.47, a PEG ratio of 2.82 and a beta of 0.70. Douglas Emmett, Inc. has a 12 month low of $34.72 and a 12 month high of $41.59.
Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $209.19 million for the quarter, compared to analyst estimates of $202.00 million. Douglas Emmett had a net margin of 12.36% and a return on equity of 2.69%. equities research analysts forecast that Douglas Emmett, Inc. will post 1.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 2.68%. Douglas Emmett’s dividend payout ratio (DPR) is currently 175.44%.
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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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