First Eagle Investment Management LLC Sells 355,768 Shares of Douglas Emmett, Inc. (NYSE:DEI)

First Eagle Investment Management LLC trimmed its position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,281,204 shares of the real estate investment trust's stock after selling 355,768 shares during the quarter. First Eagle Investment Management LLC owned approximately 7.93% of Douglas Emmett worth $246,499,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Swiss National Bank raised its holdings in shares of Douglas Emmett by 0.8% in the 4th quarter. Swiss National Bank now owns 329,300 shares of the real estate investment trust's stock valued at $6,112,000 after purchasing an additional 2,600 shares during the period. HighTower Advisors LLC raised its holdings in Douglas Emmett by 6.9% in the 4th quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust's stock valued at $265,000 after acquiring an additional 922 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Douglas Emmett by 49.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 105,952 shares of the real estate investment trust's stock valued at $1,966,000 after acquiring an additional 35,081 shares during the period. OFI Invest Asset Management bought a new position in Douglas Emmett in the 4th quarter valued at about $229,000. Finally, Amundi raised its holdings in Douglas Emmett by 47.7% in the 4th quarter. Amundi now owns 170,038 shares of the real estate investment trust's stock valued at $2,874,000 after acquiring an additional 54,899 shares during the period. 97.37% of the stock is owned by institutional investors.

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Douglas Emmett Price Performance

Shares of NYSE DEI traded down $0.09 during trading hours on Tuesday, hitting $15.91. 1,863,954 shares of the stock were exchanged, compared to its average volume of 1,551,915. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32. The company has a market cap of $2.66 billion, a PE ratio of 122.38 and a beta of 1.13. The company's fifty day simple moving average is $17.02 and its two-hundred day simple moving average is $17.76. Douglas Emmett, Inc. has a 1-year low of $12.50 and a 1-year high of $20.50.

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

Douglas Emmett Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given 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 4.78%. Douglas Emmett's dividend payout ratio is currently 584.62%.

Wall Street Analyst Weigh In

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

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.