Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,130,718 shares of the real estate investment trust's stock after selling 181,864 shares during the quarter. Wellington Management Group LLP owned approximately 6.65% of Douglas Emmett worth $195,567,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC increased its holdings in shares of Douglas Emmett by 623.3% in the 2nd quarter. SG Americas Securities LLC now owns 157,156 shares of the real estate investment trust's stock valued at $2,092,000 after acquiring an additional 135,428 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Douglas Emmett by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,554 shares of the real estate investment trust's stock valued at $1,219,000 after acquiring an additional 3,183 shares during the period. Intech Investment Management LLC acquired a new position in shares of Douglas Emmett in the 3rd quarter valued at $650,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Douglas Emmett by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,797,822 shares of the real estate investment trust's stock valued at $66,728,000 after acquiring an additional 127,274 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Douglas Emmett by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust's stock valued at $33,212,000 after acquiring an additional 186,385 shares during the period. 97.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Douglas Emmett Stock Performance

Shares of Douglas Emmett stock traded up $0.36 on Monday, hitting $19.88. The company's stock had a trading volume of 1,069,749 shares, compared to its average volume of 1,617,340. Douglas Emmett, Inc. has a 52-week low of $12.35 and a 52-week high of $20.27. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.09 and a quick ratio of 4.09. The firm has a fifty day moving average price of $18.49 and a 200-day moving average price of $16.12.

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). Douglas Emmett had a negative return on equity of 0.43% and a negative net margin of 1.68%. The business had revenue of $250.75 million during the quarter, compared to analysts' expectations of $242.75 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Douglas Emmett's quarterly revenue was down 1.8% on a year-over-year basis. Analysts predict that Douglas Emmett, Inc. will post 1.7 EPS for the current year.

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.