Intech Investment Management LLC Takes $650,000 Position in Douglas Emmett, Inc. (NYSE:DEI)

Intech Investment Management LLC bought a new position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,997 shares of the real estate investment trust's stock, valued at approximately $650,000.

A number of other large investors have also bought and sold shares of DEI. Wolverine Asset Management LLC acquired a new position in Douglas Emmett during the 2nd quarter worth about $32,000. Venturi Wealth Management LLC acquired a new stake in shares of Douglas Emmett in the third quarter valued at approximately $48,000. Quarry LP boosted its position in Douglas Emmett by 155.0% in the 2nd quarter. Quarry LP now owns 4,121 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 2,505 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Douglas Emmett by 1,081.5% in the 3rd quarter. Blue Trust Inc. now owns 3,710 shares of the real estate investment trust's stock valued at $65,000 after buying an additional 3,396 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Douglas Emmett by 44.6% during the third quarter. GAMMA Investing LLC now owns 3,811 shares of the real estate investment trust's stock worth $67,000 after acquiring an additional 1,175 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Stock Down 1.1 %

Douglas Emmett stock traded down $0.22 during mid-day trading on Friday, hitting $19.36. 675,508 shares of the company's stock were exchanged, compared to its average volume of 1,476,693. The company's 50 day simple moving average is $18.30 and its 200-day simple moving average is $15.93. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. Douglas Emmett, Inc. has a fifty-two week low of $12.10 and a fifty-two week high of $19.80.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.38). The company had revenue of $250.75 million for the quarter, compared to analyst estimates of $242.75 million. Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.45 earnings per share. As a group, analysts predict that Douglas Emmett, Inc. will post 1.7 earnings per share for the current fiscal year.

Douglas Emmett Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Monday, September 30th. Douglas Emmett's dividend payout ratio is presently -760.00%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DEI shares. Scotiabank raised Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $16.00 to $21.00 in a report on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of Douglas Emmett from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, September 9th. Evercore ISI lifted their target price on shares of Douglas Emmett from $16.00 to $19.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on Douglas Emmett from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, September 11th. Finally, Piper Sandler lifted their price objective on Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Douglas Emmett currently has an average rating of "Hold" and a consensus price target of $17.43.

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.