Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 788,777 shares of the real estate investment trust's stock after selling 36,292 shares during the quarter. Principal Financial Group Inc. owned 0.47% of Douglas Emmett worth $13,859,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DEI. Van ECK Associates Corp lifted its position in Douglas Emmett by 10.0% during the third quarter. Van ECK Associates Corp now owns 30,917 shares of the real estate investment trust's stock valued at $568,000 after purchasing an additional 2,798 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Douglas Emmett by 12.8% in the 3rd quarter. New York State Teachers Retirement System now owns 105,376 shares of the real estate investment trust's stock worth $1,851,000 after buying an additional 11,976 shares during the last quarter. abrdn plc grew its holdings in shares of Douglas Emmett by 10.5% in the third quarter. abrdn plc now owns 32,366 shares of the real estate investment trust's stock worth $569,000 after acquiring an additional 3,088 shares during the period. Nisa Investment Advisors LLC increased its position in Douglas Emmett by 2.1% during the third quarter. Nisa Investment Advisors LLC now owns 76,565 shares of the real estate investment trust's stock valued at $1,361,000 after acquiring an additional 1,593 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Douglas Emmett by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,497 shares of the real estate investment trust's stock valued at $114,000 after acquiring an additional 1,677 shares during the period. Institutional investors own 97.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citigroup upped their price target on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. increased their price target on shares of Douglas Emmett from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. Scotiabank upgraded Douglas Emmett from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $16.00 to $21.00 in a research note on Thursday. Evercore ISI lifted their target price on Douglas Emmett from $16.00 to $19.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. Finally, Piper Sandler upped their price target on Douglas Emmett from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Douglas Emmett has an average rating of "Hold" and an average price target of $17.43.

Douglas Emmett Stock Performance

DEI traded down $0.09 on Friday, reaching $18.39. 1,742,239 shares of the stock were exchanged, compared to its average volume of 1,608,041. Douglas Emmett, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $19.59. The firm has a market capitalization of $3.08 billion, a PE ratio of -183.90 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 5.11. The company's 50-day moving average price is $17.79 and its 200 day moving average price is $15.57.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $250.75 million during the quarter, compared to analysts' expectations of $242.75 million. Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The firm's revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. As a group, sell-side analysts forecast that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Monday, September 30th. Douglas Emmett's payout ratio is presently -760.00%.

About Douglas Emmett

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.