Charles Schwab Investment Management Inc. Acquires 14,886 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Charles Schwab Investment Management Inc. grew its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,812,708 shares of the real estate investment trust’s stock after purchasing an additional 14,886 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.28% of Douglas Emmett worth $70,764,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DEI. Smartleaf Asset Management LLC increased its holdings in Douglas Emmett by 222.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 2,933 shares during the period. Metis Global Partners LLC increased its holdings in Douglas Emmett by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 19,200 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 1,960 shares during the period. Proficio Capital Partners LLC bought a new stake in Douglas Emmett during the 4th quarter worth approximately $602,000. Principal Financial Group Inc. increased its holdings in Douglas Emmett by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 811,655 shares of the real estate investment trust’s stock worth $15,064,000 after acquiring an additional 22,878 shares during the period. Finally, New York State Teachers Retirement System increased its holdings in Douglas Emmett by 6.7% during the 4th quarter. New York State Teachers Retirement System now owns 112,422 shares of the real estate investment trust’s stock worth $2,087,000 after acquiring an additional 7,046 shares during the period. Institutional investors own 97.37% of the company’s stock.

Douglas Emmett Price Performance

DEI opened at $15.88 on Wednesday. The stock has a 50-day moving average price of $17.25 and a 200-day moving average price of $17.77. Douglas Emmett, Inc. has a 12-month low of $12.50 and a 12-month high of $20.50. 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 stock has a market capitalization of $2.66 billion, a P/E ratio of 122.12 and a beta of 1.13.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Equities analysts predict that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett’s dividend payout ratio (DPR) is presently 584.62%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DEI. Piper Sandler raised shares of Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, January 13th. StockNews.com lowered shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Scotiabank raised shares of Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. Wedbush raised shares of Douglas Emmett from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $21.00 in a research note on Thursday, January 2nd. Finally, Janney Montgomery Scott restated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.75.

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.