Douglas Emmett, Inc. (NYSE:DEI) Stock Holdings Trimmed by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 28.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,672 shares of the real estate investment trust’s stock after selling 1,825 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Douglas Emmett were worth $87,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new stake in shares of Douglas Emmett during the 3rd quarter valued at approximately $48,000. Blue Trust Inc. increased its stake in Douglas Emmett by 1,081.5% during 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. Raleigh Capital Management Inc. raised its holdings 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 worth $68,000 after purchasing an additional 1,476 shares during the period. GAMMA Investing LLC lifted its position in shares of Douglas Emmett by 19.7% in the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 750 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Douglas Emmett by 41.1% in the 4th quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 2,018 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DEI. Evercore ISI increased their price objective on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Jefferies Financial Group increased their price target on Douglas Emmett from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. StockNews.com lowered Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Finally, Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.75.

Douglas Emmett Price Performance

Shares of NYSE DEI opened at $16.99 on Friday. The firm’s 50-day simple moving average is $18.13 and its 200 day simple moving average is $17.55. The stock has a market cap of $2.85 billion, a P/E ratio of 130.73 and a beta of 1.11. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Equities analysts expect that Douglas Emmett, Inc. will post 1.44 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Tuesday, December 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Douglas Emmett Company 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.