Raymond James & Associates Trims Stake in Douglas Emmett, Inc. (NYSE:DEI)

Raymond James & Associates trimmed its stake in Douglas Emmett, Inc. (NYSE:DEI) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 423,642 shares of the real estate investment trust’s stock after selling 7,700 shares during the period. Raymond James & Associates owned approximately 0.25% of Douglas Emmett worth $7,443,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Douglas Emmett by 2.7% in the first quarter. BNP Paribas Financial Markets now owns 327,706 shares of the real estate investment trust’s stock worth $4,545,000 after acquiring an additional 8,558 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Douglas Emmett by 3.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 59,056 shares of the real estate investment trust’s stock valued at $819,000 after purchasing an additional 1,856 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Douglas Emmett by 356.7% during the 1st quarter. GSA Capital Partners LLP now owns 116,902 shares of the real estate investment trust’s stock valued at $1,621,000 after buying an additional 91,305 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in Douglas Emmett by 1.6% in the 1st quarter. Texas Permanent School Fund Corp now owns 145,927 shares of the real estate investment trust’s stock worth $2,024,000 after buying an additional 2,248 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in Douglas Emmett by 586.2% in the 1st quarter. Quantbot Technologies LP now owns 167,011 shares of the real estate investment trust’s stock worth $2,316,000 after buying an additional 142,674 shares during the last quarter. Institutional investors own 97.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DEI. Citigroup lifted their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Wells Fargo & Company lifted their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Piper Sandler upped their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Evercore ISI lifted their price objective on Douglas Emmett from $15.00 to $16.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. increased their target price on Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Douglas Emmett presently has a consensus rating of “Hold” and an average price target of $16.29.

Douglas Emmett Stock Up 0.2 %

NYSE DEI opened at $18.27 on Thursday. Douglas Emmett, Inc. has a 1 year low of $10.76 and a 1 year high of $19.27. The stock has a market capitalization of $3.06 billion, a PE ratio of -58.92 and a beta of 1.11. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11. The business’s 50-day moving average is $17.17 and its 200 day moving average is $15.14.

Douglas Emmett (NYSE:DEI) last issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.37). The business 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%. Douglas Emmett’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. Sell-side analysts forecast that Douglas Emmett, Inc. will post 1.67 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were issued a $0.19 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 4.16%. 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.