Bank of New York Mellon Corp Sells 56,570 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Bank of New York Mellon Corp decreased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,325,204 shares of the real estate investment trust’s stock after selling 56,570 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.39% of Douglas Emmett worth $43,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bamco Inc. NY grew its stake in shares of Douglas Emmett by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after acquiring an additional 20,000 shares during the period. FMR LLC lifted its holdings in Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock worth $85,809,000 after purchasing an additional 384,371 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust’s stock worth $73,312,000 after purchasing an additional 26,961 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Douglas Emmett by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock worth $66,728,000 after purchasing an additional 127,274 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Douglas Emmett by 4,395.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock worth $27,729,000 after purchasing an additional 1,543,099 shares in the last quarter. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

Shares of Douglas Emmett stock opened at $16.56 on Friday. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $2.77 billion, a PE ratio of 127.36 and a beta of 1.11. The business’s 50-day moving average price is $17.36 and its 200-day moving average price is $17.70. Douglas Emmett, Inc. has a 12 month low of $12.50 and a 12 month high of $20.50.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Sell-side analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.59%. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com cut Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Janney Montgomery Scott reissued a “neutral” rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Wedbush raised Douglas Emmett from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. Scotiabank raised Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Finally, Piper Sandler raised Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.75.

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.