Advisor Group Inc. increased its stake in Douglas Emmett, Inc. (NYSE:DEI) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,942 shares of the real estate investment trust’s stock after purchasing an additional 675 shares during the quarter. Advisor Group Inc.’s holdings in Douglas Emmett were worth $305,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc raised its stake in shares of Douglas Emmett by 1.6% during the third quarter. Vanguard Group Inc now owns 23,659,581 shares of the real estate investment trust’s stock valued at $892,439,000 after acquiring an additional 368,007 shares during the last quarter. BlackRock Inc. increased its position in shares of Douglas Emmett by 0.9% during the fourth quarter. BlackRock Inc. now owns 19,797,756 shares of the real estate investment trust’s stock valued at $675,699,000 after buying an additional 184,282 shares during the period. Boston Partners increased its position in shares of Douglas Emmett by 2.6% during the fourth quarter. Boston Partners now owns 4,863,493 shares of the real estate investment trust’s stock valued at $165,991,000 after buying an additional 124,093 shares during the period. JPMorgan Chase & Co. increased its position in shares of Douglas Emmett by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 4,221,607 shares of the real estate investment trust’s stock valued at $159,239,000 after buying an additional 569,703 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of Douglas Emmett by 10.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,169,735 shares of the real estate investment trust’s stock valued at $142,313,000 after buying an additional 406,702 shares during the period. 93.22% of the stock is currently owned by institutional investors.
DEI has been the topic of several research analyst reports. Wells Fargo & Co set a $37.00 price target on shares of Douglas Emmett and gave the company a “positive” rating in a research report on Wednesday, January 16th. Zacks Investment Research cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Barclays upgraded shares of Douglas Emmett from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $37.00 to $39.00 in a research report on Monday, February 4th. Finally, JMP Securities restated a “hold” rating on shares of Douglas Emmett in a report on Sunday, February 17th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Douglas Emmett has a consensus rating of “Buy” and a consensus price target of $41.10.
Douglas Emmett (NYSE:DEI) last posted its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.52. The firm had revenue of $226.29 million for the quarter, compared to analysts’ expectations of $223.46 million. Douglas Emmett had a net margin of 13.58% and a return on equity of 2.97%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. As a group, sell-side analysts anticipate that Douglas Emmett, Inc. will post 2.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Friday, March 29th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.55%. Douglas Emmett’s dividend payout ratio (DPR) is 51.49%.
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.
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