Thrivent Financial for Lutherans Has $2.31 Million Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Thrivent Financial for Lutherans decreased its position in shares of Douglas Emmett, Inc. (NYSE:DEI) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,465 shares of the real estate investment trust’s stock after selling 7,484 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Douglas Emmett worth $2,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in Douglas Emmett in the second quarter valued at approximately $32,000. Venturi Wealth Management LLC acquired a new stake in Douglas Emmett in the third quarter valued at approximately $48,000. Quarry LP boosted its position in Douglas Emmett by 155.0% in the second quarter. Quarry LP now owns 4,121 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 2,505 shares in the last quarter. Blue Trust Inc. boosted its position in Douglas Emmett by 1,081.5% in the third quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 3,396 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Douglas Emmett by 44.6% in the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 1,175 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Douglas Emmett Price Performance

Shares of NYSE DEI opened at $19.58 on Thursday. Douglas Emmett, Inc. has a twelve month low of $11.09 and a twelve month high of $19.80. The firm has a fifty day simple moving average of $18.22 and a 200 day simple moving average of $15.86. The company has a market capitalization of $3.28 billion, a PE ratio of -195.80 and a beta of 1.10. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51.

Douglas Emmett (NYSE:DEI) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.38). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The firm had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. During the same period in the prior year, the business earned $0.45 EPS. Douglas Emmett’s quarterly revenue was down 1.8% on a year-over-year basis. On average, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

Douglas Emmett Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Piper Sandler raised their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Citigroup raised their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Evercore ISI raised 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 note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Douglas Emmett presently has a consensus rating of “Hold” and an average target price of $17.43.

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.