Douglas Emmett, Inc. (NYSE:DEI) Position Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164,249 shares of the real estate investment trust’s stock after selling 20,490 shares during the quarter. JPMorgan Chase & Co. owned 0.70% of Douglas Emmett worth $20,456,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Douglas Emmett by 0.7% in the third quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock valued at $73,312,000 after buying an additional 26,961 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Douglas Emmett by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust’s stock worth $1,219,000 after acquiring an additional 3,183 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Douglas Emmett during the third quarter worth $650,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Douglas Emmett by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock valued at $66,728,000 after purchasing an additional 127,274 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Douglas Emmett by 8.1% in the 2nd 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 period. 97.37% of the stock is owned by institutional investors and hedge funds.

Douglas Emmett Stock Down 3.0 %

DEI stock opened at $16.90 on Thursday. The company has a 50 day moving average of $18.87 and a two-hundred day moving average of $16.97. 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 12-month low of $12.35 and a 12-month high of $20.50. The company has a market cap of $2.83 billion, a price-to-earnings ratio of -169.00 and a beta of 1.11.

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 the consensus estimate 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 firm had revenue of $250.75 million for the quarter, compared to analysts’ expectations of $242.75 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. Douglas Emmett’s revenue was down 1.8% on a year-over-year basis. On average, equities analysts anticipate that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 4.50%. Douglas Emmett’s dividend payout ratio is currently -760.00%.

Analysts Set New Price Targets

DEI has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Evercore ISI upped their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. Jefferies Financial Group boosted their target price on shares of Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised 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 three have issued a buy rating to the company. Based on data from MarketBeat.com, Douglas Emmett presently has a consensus rating of “Hold” and a consensus target price of $18.25.

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.