Bank of New York Mellon Corp Sells 56,570 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Bank of New York Mellon Corp cut its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,325,204 shares of the real estate investment trust's stock after selling 56,570 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.39% of Douglas Emmett worth $43,156,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. New York State Teachers Retirement System raised its holdings in Douglas Emmett by 12.8% during the third quarter. New York State Teachers Retirement System now owns 105,376 shares of the real estate investment trust's stock worth $1,851,000 after buying an additional 11,976 shares during the last quarter. Van ECK Associates Corp increased its position in shares of 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 acquiring an additional 2,798 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Douglas Emmett in the 3rd quarter worth about $48,000. Victory Capital Management Inc. lifted its position in Douglas Emmett by 4,395.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust's stock valued at $27,729,000 after acquiring an additional 1,543,099 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in Douglas Emmett by 31.6% during the 3rd quarter. Metis Global Partners LLC now owns 17,240 shares of the real estate investment trust's stock valued at $303,000 after purchasing an additional 4,142 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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Douglas Emmett Stock Performance

Shares of NYSE DEI traded down $0.59 during trading on Monday, reaching $16.79. 3,445,595 shares of the stock traded hands, compared to its average volume of 1,975,340. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The stock has a market capitalization of $2.81 billion, a P/E ratio of 129.16 and a beta of 1.13. Douglas Emmett, Inc. has a 52-week low of $12.50 and a 52-week high of $20.50. The company has a 50-day moving average of $17.34 and a 200-day moving average of $17.76.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. Analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is presently 584.62%.

Analysts Set New Price Targets

DEI has been the subject of several analyst reports. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective for the company in a research note on Monday, January 13th. StockNews.com lowered Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Jefferies Financial Group raised their price objective on Douglas Emmett from $17.00 to $18.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Janney Montgomery Scott reiterated a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Finally, Scotiabank raised shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $16.00 to $21.00 in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Douglas Emmett has an average rating of "Hold" and a consensus price target of $18.75.

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.