Dupont Capital Management Corp lifted its holdings in Douglas Emmett, Inc. (NYSE:DEI) by 26.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,725 shares of the real estate investment trust’s stock after purchasing an additional 9,357 shares during the period. Dupont Capital Management Corp’s holdings in Douglas Emmett were worth $1,836,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. Cohen & Steers Inc. boosted its holdings in Douglas Emmett by 7.0% in the 3rd quarter. Cohen & Steers Inc. now owns 15,328,882 shares of the real estate investment trust’s stock worth $604,265,000 after buying an additional 1,000,650 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Douglas Emmett by 4.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 6,425,963 shares of the real estate investment trust’s stock worth $253,311,000 after purchasing an additional 247,203 shares during the last quarter. State Street Corp boosted its holdings in shares of Douglas Emmett by 1.9% during the 2nd quarter. State Street Corp now owns 6,359,006 shares of the real estate investment trust’s stock worth $242,980,000 after purchasing an additional 119,090 shares during the last quarter. Boston Partners boosted its holdings in shares of Douglas Emmett by 0.3% during the 3rd quarter. Boston Partners now owns 4,082,102 shares of the real estate investment trust’s stock worth $160,916,000 after purchasing an additional 13,303 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Douglas Emmett by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,087,240 shares of the real estate investment trust’s stock worth $82,278,000 after purchasing an additional 37,927 shares during the last quarter. Hedge funds and other institutional investors own 96.41% of the company’s stock.
Douglas Emmett, Inc. (NYSE DEI) traded down $0.24 during trading hours on Tuesday, reaching $35.75. The company had a trading volume of 181,492 shares, compared to its average volume of 815,176. The stock has a market capitalization of $6,092.74, a price-to-earnings ratio of 67.91, a PEG ratio of 2.81 and a beta of 0.64. Douglas Emmett, Inc. has a 52-week low of $34.72 and a 52-week high of $41.59.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change from Douglas Emmett’s previous quarterly dividend of $0.23. Douglas Emmett’s dividend payout ratio is 188.68%.
A number of research analysts recently commented on DEI shares. Zacks Investment Research upgraded Douglas Emmett from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Robert W. Baird upped their price objective on Douglas Emmett from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Mizuho reiterated a “hold” rating and issued a $41.00 price objective on shares of Douglas Emmett in a report on Friday, October 27th. Sandler O’Neill reiterated a “hold” rating and issued a $42.00 price objective on shares of Douglas Emmett in a report on Tuesday, January 23rd. Finally, TheStreet raised Douglas Emmett from a “c+” rating to a “b-” rating in a research report on Wednesday, November 15th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.44.
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Douglas Emmett Profile
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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