Vanguard Group Inc. Sells 233,511 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Vanguard Group Inc. trimmed its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the 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 reporting period.

Several other institutional investors have also bought and sold shares of the stock. Smartleaf Asset Management LLC increased its stake in Douglas Emmett by 222.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock valued at $79,000 after buying an additional 2,933 shares during the period. GAMMA Investing LLC raised its holdings in Douglas Emmett by 19.7% during the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 750 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in Douglas Emmett by 30.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 1,172 shares in the last quarter. KBC Group NV lifted its position in Douglas Emmett by 41.1% in the fourth quarter. KBC Group NV now owns 6,926 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 2,018 shares during the period. Finally, Quantbot Technologies LP boosted its stake in Douglas Emmett by 89.6% during the 4th quarter. Quantbot Technologies LP now owns 9,429 shares of the real estate investment trust's stock valued at $175,000 after purchasing an additional 4,455 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DEI shares. Jefferies Financial Group started coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 price target on the stock. Wedbush upgraded shares of Douglas Emmett from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $19.00 to $21.00 in a report on Thursday, January 2nd. StockNews.com cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Piper Sandler upgraded shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price target on the stock in a research report on Monday, January 13th. Finally, Janney Montgomery Scott reiterated a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $18.50.

Douglas Emmett Stock Down 2.4 %

Shares of Douglas Emmett stock traded down $0.34 during midday trading on Friday, hitting $14.25. The company's stock had a trading volume of 3,533,308 shares, compared to its average volume of 1,671,815. Douglas Emmett, Inc. has a 1-year low of $12.50 and a 1-year high of $20.50. 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 firm has a market capitalization of $2.39 billion, a P/E ratio of 109.60 and a beta of 1.13. The stock has a 50-day simple moving average of $16.69 and a 200-day simple moving average of $17.75.

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

Douglas Emmett Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.19 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 5.33%. Douglas Emmett's dividend payout ratio (DPR) is currently 584.62%.

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.