Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 38.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 107,500 shares of the real estate investment trust's stock after selling 67,500 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.06% of Douglas Emmett worth $1,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Centersquare Investment Management LLC increased its stake in Douglas Emmett by 20.8% in the first quarter. Centersquare Investment Management LLC now owns 4,363,009 shares of the real estate investment trust's stock valued at $59,817,000 after acquiring an additional 751,419 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Douglas Emmett by 20.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,037,437 shares of the real estate investment trust's stock valued at $44,043,000 after purchasing an additional 525,831 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Douglas Emmett in the second quarter worth $3,825,000. Vanguard Group Inc. boosted its position in Douglas Emmett by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 26,187,297 shares of the real estate investment trust's stock valued at $379,716,000 after buying an additional 229,301 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Douglas Emmett during the second quarter valued at about $2,573,000. Institutional investors own 97.37% of the company's stock.

Douglas Emmett Stock Performance

NYSE DEI traded down $0.14 during trading hours on Tuesday, hitting $17.43. The company's stock had a trading volume of 1,579,328 shares, compared to its average volume of 1,677,259. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.11 and a quick ratio of 5.11. The company has a market cap of $2.92 billion, a P/E ratio of -56.65 and a beta of 1.11. The company's 50 day simple moving average is $16.12 and its two-hundred day simple moving average is $14.58. Douglas Emmett, Inc. has a 12 month low of $10.76 and a 12 month high of $17.94.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its earnings results on Thursday, August 8th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.37). Douglas Emmett had a negative net margin of 3.55% and a negative return on equity of 0.88%. The company had revenue of $245.80 million for the quarter, compared to analysts' expectations of $246.62 million. During the same quarter last year, the firm posted $0.48 earnings per share. Douglas Emmett's revenue for the quarter was down 3.0% on a year-over-year basis. As a group, sell-side analysts expect that Douglas Emmett, Inc. will post 1.67 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Monday, September 30th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.36%. Douglas Emmett's payout ratio is -245.16%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup lifted their target price on shares of Douglas Emmett from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. Scotiabank lifted their price objective on Douglas Emmett from $14.00 to $16.00 and gave the company a "sector perform" rating in a research report on Monday, August 26th. Evercore ISI upped their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 28th. Piper Sandler boosted their target price on shares of Douglas Emmett from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Finally, Wells Fargo & Company upped their price objective on shares of Douglas Emmett from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $16.29.

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.