Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,700 shares of the real estate investment trust's stock after selling 211,200 shares during the quarter. Renaissance Technologies LLC owned about 0.12% of Douglas Emmett worth $3,706,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DEI. FMR LLC raised its holdings in shares of Douglas Emmett by 59.6% during the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock worth $144,662,000 after purchasing an additional 2,910,490 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Douglas Emmett by 130.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after buying an additional 1,520,348 shares during the last quarter. Norges Bank purchased a new position in shares of Douglas Emmett during the 4th quarter valued at about $23,526,000. Raymond James Financial Inc. acquired a new position in shares of Douglas Emmett in the 4th quarter valued at about $7,829,000. Finally, Advisors Preferred LLC purchased a new stake in shares of Douglas Emmett in the fourth quarter worth about $4,028,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DEI has been the subject of several recent research reports. Wedbush upgraded Douglas Emmett from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Piper Sandler upgraded shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 target price for the company in a research note on Monday, January 13th. Jefferies Financial Group began coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a "hold" rating and a $16.00 price target on the stock. Janney Montgomery Scott reiterated a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Finally, StockNews.com cut Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $18.50.

Douglas Emmett Stock Up 1.2 %

DEI opened at $13.68 on Wednesday. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. Douglas Emmett, Inc. has a twelve month low of $12.39 and a twelve month high of $20.50. The company has a market cap of $2.29 billion, a PE ratio of 105.25 and a beta of 1.09. The company has a 50-day moving average price of $15.58 and a 200 day moving average price of $17.38.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Sell-side analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's payout ratio is 584.62%.

Douglas Emmett Company 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.

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