Douglas Emmett, Inc. (NYSE:DEI) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 8.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,495,263 shares of the real estate investment trust’s stock after buying an additional 186,385 shares during the quarter. Dimensional Fund Advisors LP owned 1.49% of Douglas Emmett worth $33,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DEI. Heitman Real Estate Securities LLC increased its position 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 purchasing an additional 5,053 shares in the last quarter. Quarry LP purchased a new stake in Douglas Emmett in the 4th quarter valued at $57,000. Goldman Sachs Group Inc. increased its position in 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 purchasing an additional 525,831 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Douglas Emmett by 1.7% during the 4th quarter. Wellington Management Group LLP now owns 9,358,733 shares of the real estate investment trust’s stock worth $135,702,000 after buying an additional 156,761 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Douglas Emmett by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust’s stock worth $379,716,000 after acquiring an additional 229,301 shares during the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

DEI has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. Evercore ISI upped their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Citigroup increased their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. boosted their target price on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Scotiabank raised their price target on Douglas Emmett from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Douglas Emmett has a consensus rating of “Hold” and a consensus target price of $15.88.

Douglas Emmett Stock Performance

Shares of DEI opened at $17.54 on Wednesday. Douglas Emmett, Inc. has a 1 year low of $10.76 and a 1 year high of $17.75. The stock has a market capitalization of $2.94 billion, a PE ratio of -56.58 and a beta of 1.10. The company has a debt-to-equity ratio of 1.47, a quick ratio of 5.11 and a current ratio of 5.11. The stock has a 50-day simple moving average of $15.89 and a 200-day simple moving average of $14.43.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The firm had revenue of $245.80 million during the quarter, compared to analysts’ expectations of $246.62 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, analysts predict that Douglas Emmett, Inc. will post 1.67 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Monday, September 30th. Douglas Emmett’s dividend payout ratio is presently -245.16%.

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.