Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. reduced its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,700 shares of the real estate investment trust’s stock after selling 4,210 shares during the quarter. Everence Capital Management Inc.’s holdings in Douglas Emmett were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DEI. Venturi Wealth Management LLC acquired a new position in shares of Douglas Emmett during the 3rd quarter worth approximately $48,000. Quarry LP increased its position in Douglas Emmett by 155.0% during the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 2,505 shares in 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 worth $65,000 after acquiring an additional 3,396 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in shares of Douglas Emmett by 62.0% during the third quarter. Raleigh Capital Management Inc. now owns 3,856 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 1,476 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Stock Performance

NYSE:DEI opened at $18.94 on Monday. Douglas Emmett, Inc. has a 1-year low of $12.35 and a 1-year high of $20.50. The stock has a market cap of $3.17 billion, a P/E ratio of -189.40 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The firm has a 50-day moving average of $18.88 and a two-hundred day moving average of $16.88.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data 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 net margin of 1.68% and a negative return on equity of 0.43%. The business had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. During the same quarter last year, the business earned $0.45 EPS. Douglas Emmett’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, research analysts expect that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, December 31st. Douglas Emmett’s dividend payout ratio (DPR) is -760.00%.

Analysts Set New Price Targets

Several research analysts recently weighed in on DEI shares. Citigroup boosted their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. upped their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Wells Fargo & Company raised their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Evercore ISI boosted their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.25.

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.