Douglas Emmett, Inc. (NYSE:DEI) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp grew its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 43.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,783 shares of the real estate investment trust’s stock after purchasing an additional 5,380 shares during the period. Stifel Financial Corp’s holdings in Douglas Emmett were worth $312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its holdings in shares of Douglas Emmett by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,090,198 shares of the real estate investment trust’s stock valued at $107,681,000 after acquiring an additional 165,425 shares during the period. Bamco Inc. NY grew its position in Douglas Emmett by 0.3% during the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust’s stock worth $112,263,000 after purchasing an additional 20,000 shares in the last quarter. FMR LLC raised its stake in Douglas Emmett by 8.5% during the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock valued at $85,809,000 after purchasing an additional 384,371 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Douglas Emmett by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust’s stock valued at $66,728,000 after purchasing an additional 127,274 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Douglas Emmett by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock worth $33,212,000 after buying an additional 186,385 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DEI shares. Scotiabank upgraded Douglas Emmett from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $16.00 to $21.00 in a report on Thursday, November 14th. Citigroup increased their target price on shares of 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 lifted their target price on shares of Douglas Emmett from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. upped their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Finally, Evercore ISI lifted their price objective on 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 given a buy rating to the stock. According to MarketBeat.com, Douglas Emmett presently has a consensus rating of “Hold” and an average price target of $17.43.

Douglas Emmett Stock Performance

Shares of NYSE:DEI opened at $18.63 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The business’s fifty day moving average price is $18.86 and its two-hundred day moving average price is $16.70. Douglas Emmett, Inc. has a fifty-two week low of $12.35 and a fifty-two week high of $20.50. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -186.30 and a beta of 1.11.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS 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 business had revenue of $250.75 million for the quarter, compared to the consensus estimate of $242.75 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. As a group, analysts predict that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 4.08%. Douglas Emmett’s dividend payout ratio is currently -760.00%.

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.