Vanguard Group Inc. Decreases Position in Douglas Emmett, Inc. (NYSE:DEI)

Vanguard Group Inc. lowered its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,306,958 shares of the real estate investment trust's stock after selling 233,511 shares during the period. Vanguard Group Inc. owned approximately 15.71% of Douglas Emmett worth $488,257,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Fox Run Management L.L.C. increased its stake in Douglas Emmett by 143.9% in the fourth quarter. Fox Run Management L.L.C. now owns 29,985 shares of the real estate investment trust's stock valued at $557,000 after purchasing an additional 17,689 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Douglas Emmett in the 4th quarter valued at about $655,000. Quantbot Technologies LP increased its position in Douglas Emmett by 89.6% in the 4th quarter. Quantbot Technologies LP now owns 9,429 shares of the real estate investment trust's stock valued at $175,000 after buying an additional 4,455 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Douglas Emmett by 37.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 87,969 shares of the real estate investment trust's stock worth $1,633,000 after buying an additional 23,853 shares during the period. Finally, Xponance Inc. boosted its holdings in Douglas Emmett by 8.6% in the fourth quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust's stock worth $216,000 after acquiring an additional 920 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

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Analysts Set New Price Targets

Several research firms have recently commented on DEI. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. Jefferies Financial Group initiated coverage on shares of Douglas Emmett in a report on Monday, March 17th. They set a "hold" rating and a $16.00 price objective on the stock. StockNews.com lowered shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Piper Sandler raised 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 report on Monday, January 13th. Finally, Wedbush raised shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and raised their price target for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Douglas Emmett has a consensus rating of "Hold" and an average target price of $18.50.

Douglas Emmett Stock Down 10.3 %

DEI stock traded down $1.69 during trading on Thursday, reaching $14.61. The stock had a trading volume of 2,055,291 shares, compared to its average volume of 1,659,928. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 112.35 and a beta of 1.13. Douglas Emmett, Inc. has a one year low of $12.50 and a one year high of $20.50. The company's 50 day moving average is $16.80 and its two-hundred day moving average is $17.78.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Monday, March 31st. Douglas Emmett's dividend payout ratio is presently 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.