Mutual of America Capital Management LLC Has $442,000 Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Mutual of America Capital Management LLC trimmed its position in Douglas Emmett, Inc. (NYSE:DEI) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,179 shares of the real estate investment trust’s stock after selling 2,333 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Douglas Emmett were worth $442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DEI. Natixis Advisors LLC raised its stake in shares of Douglas Emmett by 8.5% in the 3rd quarter. Natixis Advisors LLC now owns 56,088 shares of the real estate investment trust’s stock valued at $985,000 after buying an additional 4,410 shares in the last quarter. Metis Global Partners LLC increased its stake in Douglas Emmett by 31.6% in the third quarter. Metis Global Partners LLC now owns 17,240 shares of the real estate investment trust’s stock valued at $303,000 after acquiring an additional 4,142 shares during the period. Victory Capital Management Inc. raised its position in Douglas Emmett by 4,395.5% in the third 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. Venturi Wealth Management LLC bought a new position in Douglas Emmett during the third quarter worth about $48,000. Finally, Van ECK Associates Corp lifted its stake in Douglas Emmett by 10.0% during the third quarter. Van ECK Associates Corp now owns 30,917 shares of the real estate investment trust’s stock worth $568,000 after purchasing an additional 2,798 shares during the period. 97.37% of the stock is owned by institutional investors.

Douglas Emmett Trading Up 0.5 %

DEI opened at $19.58 on Thursday. Douglas Emmett, Inc. has a 1-year low of $11.09 and a 1-year high of $19.80. The firm has a 50-day moving average price of $18.22 and a two-hundred day moving average price of $15.86. The stock has a market capitalization of $3.28 billion, a PE ratio of -195.80 and a beta of 1.10. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 1.51.

Douglas Emmett (NYSE:DEI) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). The company had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. As a group, equities analysts anticipate that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were given a dividend of $0.19 per share. The ex-dividend date was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 3.88%. Douglas Emmett’s payout ratio is presently -760.00%.

Analyst Ratings Changes

DEI has been the subject of a number of recent research reports. Piper Sandler increased their target price on Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Citigroup lifted their price objective on Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. 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. Wells Fargo & Company increased 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. Finally, Evercore ISI boosted their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.43.

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.