Wellington Management Group LLP Boosts Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Wellington Management Group LLP raised its stake in Douglas Emmett, Inc. (NYSE:DEI) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,358,733 shares of the real estate investment trust’s stock after purchasing an additional 156,761 shares during the period. Wellington Management Group LLP owned 5.59% of Douglas Emmett worth $135,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of Douglas Emmett by 20.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,037,437 shares of the real estate investment trust’s stock worth $44,043,000 after acquiring an additional 525,831 shares during the last quarter. Quarry LP purchased a new stake in shares of Douglas Emmett during the fourth quarter worth about $57,000. Heitman Real Estate Securities LLC grew its stake in shares of Douglas Emmett by 5.6% during the fourth quarter. Heitman Real Estate Securities LLC now owns 95,480 shares of the real estate investment trust’s stock worth $1,384,000 after acquiring an additional 5,053 shares during the last quarter. Evoke Wealth LLC purchased a new stake in shares of Douglas Emmett during the fourth quarter worth about $1,095,000. Finally, First Pacific Advisors LP grew its stake in shares of Douglas Emmett by 10.5% during the fourth quarter. First Pacific Advisors LP now owns 5,546,488 shares of the real estate investment trust’s stock worth $80,424,000 after acquiring an additional 527,036 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Douglas Emmett Trading Down 0.4 %

Shares of NYSE:DEI opened at $13.38 on Friday. Douglas Emmett, Inc. has a 12-month low of $10.76 and a 12-month high of $16.12. The company has a market capitalization of $2.24 billion, a PE ratio of -43.16 and a beta of 1.08. The business has a 50 day moving average of $13.60 and a two-hundred day moving average of $13.79. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.45.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Friday, June 28th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Friday, June 28th. Douglas Emmett’s payout ratio is presently -245.16%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Piper Sandler dropped their target price on Douglas Emmett from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. StockNews.com upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Douglas Emmett presently has an average rating of “Hold” and an average target price of $13.67.

Insider Buying and Selling at Douglas Emmett

In related news, Director William E. Simon, Jr. purchased 45,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was bought at an average cost of $13.15 per share, with a total value of $591,750.00. Following the completion of the acquisition, the director now owns 45,000 shares of the company’s stock, valued at approximately $591,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 14.70% of the stock is currently owned by corporate insiders.

Douglas Emmett Profile

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.