Citigroup Inc. Acquires 68,507 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Citigroup Inc. increased its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 43.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,814 shares of the real estate investment trust’s stock after acquiring an additional 68,507 shares during the period. Citigroup Inc. owned about 0.14% of Douglas Emmett worth $4,003,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DEI. Manning & Napier Advisors LLC purchased a new position in Douglas Emmett in the second quarter valued at approximately $3,825,000. SG Americas Securities LLC lifted its stake in Douglas Emmett by 623.3% in the second quarter. SG Americas Securities LLC now owns 157,156 shares of the real estate investment trust’s stock valued at $2,092,000 after purchasing an additional 135,428 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Douglas Emmett by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock valued at $1,219,000 after purchasing an additional 3,183 shares during the last quarter. Intech Investment Management LLC purchased a new position in Douglas Emmett in the third quarter valued at approximately $650,000. Finally, Dimensional Fund Advisors LP lifted its stake in Douglas Emmett by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock valued at $33,212,000 after purchasing an additional 186,385 shares during the last quarter. 97.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on DEI shares. Evercore ISI increased their target price 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. JPMorgan Chase & Co. increased their target price on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Piper Sandler increased their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Citigroup increased their target price on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $16.00 to $21.00 in a research report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Douglas Emmett currently has an average rating of “Hold” and a consensus target price of $17.43.

Douglas Emmett Stock Down 0.5 %

DEI opened at $19.15 on Wednesday. The stock has a market cap of $3.21 billion, a PE ratio of -191.50 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. Douglas Emmett, Inc. has a 52 week low of $12.35 and a 52 week high of $19.80. The business’s fifty day simple moving average is $18.37 and its 200 day simple moving average is $16.00.

Douglas Emmett (NYSE:DEI) last announced 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 the consensus estimate of $242.75 million. During the same period last year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, research analysts expect that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.97%. Douglas Emmett’s dividend payout ratio (DPR) is currently -760.00%.

About Douglas Emmett

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.