Massachusetts Financial Services Co. MA Sells 272,114 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Massachusetts Financial Services Co. MA lessened its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,818,084 shares of the real estate investment trust's stock after selling 272,114 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 4.67% of Douglas Emmett worth $137,364,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Douglas Emmett by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust's stock valued at $33,212,000 after buying an additional 186,385 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Douglas Emmett by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,417,865 shares of the real estate investment trust's stock valued at $32,182,000 after purchasing an additional 24,272 shares during the last quarter. Victory Capital Management Inc. boosted its holdings 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 purchasing an additional 1,543,099 shares during the period. Rhumbline Advisers grew its position in Douglas Emmett by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 559,680 shares of the real estate investment trust's stock worth $7,449,000 after purchasing an additional 3,048 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Douglas Emmett by 3.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 441,918 shares of the real estate investment trust's stock valued at $6,133,000 after buying an additional 14,783 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Price Performance

Douglas Emmett stock traded up $0.29 during mid-day trading on Friday, hitting $19.32. 841,704 shares of the company were exchanged, compared to its average volume of 1,595,502. Douglas Emmett, Inc. has a 1-year low of $11.08 and a 1-year high of $19.59. 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 business has a fifty day moving average of $18.06 and a 200 day moving average of $15.74. The company has a market capitalization of $3.23 billion, a PE ratio of -193.20 and a beta of 1.10.

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

Douglas Emmett Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were given 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 yield of 3.93%. Douglas Emmett's dividend payout ratio (DPR) is presently -760.00%.

Wall Street Analysts Forecast Growth

DEI has been the topic of several research reports. Scotiabank upgraded Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $16.00 to $21.00 in a research note on Thursday, November 14th. Citigroup upped their target price on Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a research note 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 research report on Monday, August 12th. Evercore ISI boosted their price target on shares of Douglas Emmett from $16.00 to $19.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price objective 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. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.