First Pacific Advisors LP Has $99.09 Million Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

First Pacific Advisors LP decreased its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,338,673 shares of the real estate investment trust's stock after selling 158,740 shares during the period. Douglas Emmett comprises about 1.4% of First Pacific Advisors LP's portfolio, making the stock its 20th largest holding. First Pacific Advisors LP owned approximately 3.19% of Douglas Emmett worth $99,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bamco Inc. NY grew its position in Douglas Emmett by 0.3% in the 3rd quarter. Bamco Inc. NY now owns 6,389,444 shares of the real estate investment trust's stock worth $112,263,000 after purchasing an additional 20,000 shares during the last quarter. FMR LLC boosted its holdings in Douglas Emmett by 8.5% during the third quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust's stock worth $85,809,000 after buying an additional 384,371 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Douglas Emmett by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,171,839 shares of the real estate investment trust's stock worth $73,312,000 after acquiring an additional 26,961 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Douglas Emmett by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust's stock worth $70,764,000 after purchasing an additional 14,886 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Douglas Emmett by 1.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,593,909 shares of the real estate investment trust's stock valued at $29,583,000 after buying an additional 15,704 shares in the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Remove Ads

Douglas Emmett Price Performance

NYSE:DEI traded down $0.64 during mid-day trading on Thursday, hitting $15.42. The company's stock had a trading volume of 2,071,820 shares, compared to its average volume of 1,997,140. Douglas Emmett, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $20.50. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The stock has a fifty day moving average of $17.20 and a 200-day moving average of $17.76. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 118.60 and a beta of 1.13.

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 (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.19 per share. The ex-dividend date is Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 4.93%. Douglas Emmett's dividend payout ratio (DPR) is 584.62%.

Analyst Ratings Changes

DEI has been the subject of a number of recent analyst reports. Piper Sandler raised shares of Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective for the company in a research note on Monday, January 13th. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a report on Wednesday, January 15th. StockNews.com cut Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Wedbush raised 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. Finally, Scotiabank upgraded Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $18.75.

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.