Intech Investment Management LLC Invests $650,000 in Douglas Emmett, Inc. (NYSE:DEI)

Intech Investment Management LLC bought a new stake in shares of Douglas Emmett, Inc. (NYSE:DEIFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,997 shares of the real estate investment trust’s stock, valued at approximately $650,000.

Other large investors also recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new position in Douglas Emmett in the second quarter valued at approximately $32,000. Venturi Wealth Management LLC bought a new stake in Douglas Emmett during the 3rd quarter worth approximately $48,000. Quarry LP raised its position in Douglas Emmett by 155.0% in the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,505 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 3,396 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position 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 buying an additional 1,175 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock opened at $19.36 on Friday. Douglas Emmett, Inc. has a 12-month low of $12.10 and a 12-month high of $19.80. The firm has a market cap of $3.24 billion, a PE ratio of -193.60 and a beta of 1.10. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The company’s fifty day simple moving average is $18.30 and its two-hundred day simple moving average is $15.93.

Douglas Emmett (NYSE:DEIGet Free Report) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The company had revenue of $250.75 million for the quarter, compared to analysts’ expectations of $242.75 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts expect that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.93%. The ex-dividend date was Monday, September 30th. Douglas Emmett’s dividend payout ratio is currently -760.00%.

Wall Street Analysts Forecast Growth

DEI has been the topic of a number of research analyst reports. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Wells Fargo & Company upped their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Citigroup raised their price target on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Piper Sandler lifted their price objective on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. upped their target price on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and an average target price of $17.43.

View Our Latest Analysis on Douglas Emmett

About Douglas Emmett

(Free Report)

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.

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Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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