Citigroup Inc. Has $4 Million Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Citigroup Inc. grew its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 43.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,814 shares of the real estate investment trust's stock after purchasing an additional 68,507 shares during the period. Citigroup Inc. owned approximately 0.14% of Douglas Emmett worth $4,003,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DEI. Manning & Napier Advisors LLC purchased a new position in Douglas Emmett in the second quarter valued at $3,825,000. SG Americas Securities LLC lifted its position in Douglas Emmett by 623.3% in the second 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 period. Aspire Private Capital LLC lifted its position in Douglas Emmett by 20.0% in the second quarter. Aspire Private Capital LLC now owns 9,537 shares of the real estate investment trust's stock valued at $127,000 after purchasing an additional 1,592 shares during the period. Raymond James & Associates increased its holdings in Douglas Emmett by 50.6% in the second quarter. Raymond James & Associates now owns 431,342 shares of the real estate investment trust's stock valued at $5,741,000 after buying an additional 144,995 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Douglas Emmett in the second quarter valued at about $2,573,000. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Price Performance

Shares of NYSE:DEI traded up $0.15 during trading hours on Wednesday, hitting $19.31. 662,790 shares of the company's stock traded hands, compared to its average volume of 1,627,594. Douglas Emmett, Inc. has a 52 week low of $12.35 and a 52 week high of $19.80. The company's fifty day simple moving average is $18.41 and its two-hundred day simple moving average is $16.03. The company has a market cap of $3.23 billion, a price-to-earnings ratio of -193.10 and a beta of 1.11. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly 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). The firm had revenue of $250.75 million during the quarter, compared to analysts' expectations of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. As a group, equities analysts anticipate that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were paid a dividend of $0.19 per share. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a dividend yield of 3.94%. Douglas Emmett's dividend payout ratio (DPR) is -760.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DEI. Scotiabank raised shares of Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $16.00 to $21.00 in a research note on Thursday, November 14th. Piper Sandler upped their target price 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. Wells Fargo & Company increased their price objective 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. increased their target price on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Finally, 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 report on Thursday, September 12th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $17.43.

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.