Principal Financial Group Inc. Sells 36,292 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Principal Financial Group Inc. trimmed its position in Douglas Emmett, Inc. (NYSE:DEI) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 788,777 shares of the real estate investment trust’s stock after selling 36,292 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of Douglas Emmett worth $13,859,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DEI. Inspire Investing LLC raised its position in Douglas Emmett by 3.4% in the 2nd quarter. Inspire Investing LLC now owns 26,491 shares of the real estate investment trust’s stock valued at $353,000 after buying an additional 883 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Douglas Emmett by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 46,850 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 1,027 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Douglas Emmett by 44.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,175 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Douglas Emmett by 3.9% in the second quarter. AQR Capital Management LLC now owns 36,432 shares of the real estate investment trust’s stock valued at $479,000 after purchasing an additional 1,377 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of Douglas Emmett by 62.0% in the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,476 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DEI has been the subject of a number of analyst reports. Citigroup raised their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Piper Sandler raised their price objective on Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Wells Fargo & Company upped their target price on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $16.00 to $21.00 in a research report on Thursday. Finally, Evercore ISI boosted their price target on Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.43.

Douglas Emmett Price Performance

Shares of NYSE DEI opened at $18.39 on Friday. The company has a quick ratio of 5.11, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average price is $17.79 and its two-hundred day moving average price is $15.56. The company has a market cap of $3.08 billion, a PE ratio of -183.90 and a beta of 1.10. Douglas Emmett, Inc. has a twelve month low of $11.08 and a twelve month high of $19.59.

Douglas Emmett (NYSE:DEI) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Monday, September 30th. Douglas Emmett’s payout ratio is -760.00%.

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.