Charles Schwab Investment Management Inc. Acquires 127,274 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Charles Schwab Investment Management Inc. increased its stake in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,797,822 shares of the real estate investment trust's stock after purchasing an additional 127,274 shares during the period. Charles Schwab Investment Management Inc. owned 2.27% of Douglas Emmett worth $66,728,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new stake in shares of Douglas Emmett during the second quarter worth $3,825,000. Swedbank AB acquired a new position in Douglas Emmett during the 1st quarter valued at about $661,000. SG Americas Securities LLC boosted its stake in shares of Douglas Emmett by 623.3% in the 2nd quarter. SG Americas Securities LLC now owns 157,156 shares of the real estate investment trust's stock valued at $2,092,000 after purchasing an additional 135,428 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Douglas Emmett by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust's stock worth $1,219,000 after buying an additional 3,183 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Douglas Emmett by 8.1% during the 2nd 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.

Wall Street Analyst Weigh In

DEI has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective 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. Wells Fargo & Company raised their price target on Douglas Emmett from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 11th. Citigroup upped 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. Piper Sandler raised 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. Finally, Evercore ISI boosted their target price on Douglas Emmett from $16.00 to $19.00 and gave the stock 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 company's stock. According to data from MarketBeat.com, Douglas Emmett presently has a consensus rating of "Hold" and an average target price of $17.43.

Douglas Emmett Trading Down 1.0 %

Shares of Douglas Emmett stock traded down $0.19 during trading hours on Friday, hitting $19.39. The company's stock had a trading volume of 675,507 shares, compared to its average volume of 1,635,933. Douglas Emmett, Inc. has a 12 month low of $12.10 and a 12 month high of $19.80. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 1.51. The stock has a 50 day moving average of $18.26 and a 200 day moving average of $15.88.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate 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 company had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. During the same quarter last year, the business posted $0.45 earnings per share. The business's quarterly revenue was down 1.8% on a year-over-year basis. Analysts anticipate that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.92%. Douglas Emmett's payout ratio is presently -760.00%.

About Douglas Emmett

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.