Hsbc Holdings PLC Sells 417,719 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Hsbc Holdings PLC lowered its position in Douglas Emmett, Inc. (NYSE:DEI) by 13.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,800,137 shares of the real estate investment trust’s stock after selling 417,719 shares during the period. Hsbc Holdings PLC owned about 1.67% of Douglas Emmett worth $36,947,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Douglas Emmett in the fourth quarter valued at about $26,467,000. Centersquare Investment Management LLC boosted its stake in Douglas Emmett by 20.8% in the 1st quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust’s stock worth $59,817,000 after purchasing an additional 751,419 shares during the period. First Pacific Advisors LP grew its holdings in Douglas Emmett by 10.5% during the 4th quarter. First Pacific Advisors LP now owns 5,546,488 shares of the real estate investment trust’s stock valued at $80,424,000 after buying an additional 527,036 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Douglas Emmett by 20.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,037,437 shares of the real estate investment trust’s stock valued at $44,043,000 after buying an additional 525,831 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Douglas Emmett in the second quarter worth $3,825,000. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Wall Street Analyst Weigh In

DEI has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Citigroup boosted their target price on Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company raised their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. upped their price objective on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Evercore ISI raised their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Douglas Emmett presently has an average rating of “Hold” and an average target price of $15.88.

Douglas Emmett Trading Down 1.5 %

Shares of DEI opened at $17.23 on Friday. Douglas Emmett, Inc. has a twelve month low of $10.76 and a twelve month high of $17.54. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 1.47. The company’s fifty day simple moving average is $15.58 and its 200-day simple moving average is $14.26. The company has a market cap of $2.88 billion, a P/E ratio of -55.58 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.37). The firm had revenue of $245.80 million during the quarter, compared to the consensus estimate of $246.62 million. Douglas Emmett had a negative return on equity of 0.88% and a negative net margin of 3.55%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS. As a group, analysts expect that Douglas Emmett, Inc. will post 1.67 EPS for the current year.

Douglas Emmett Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.41%. The ex-dividend date is Monday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently -245.16%.

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.