Douglas Emmett, Inc. (DEI) Shares Bought by Comerica Bank

Comerica Bank grew its stake in Douglas Emmett, Inc. (NYSE:DEI) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,964 shares of the real estate investment trust’s stock after buying an additional 5,975 shares during the period. Comerica Bank owned 0.07% of Douglas Emmett worth $4,899,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in shares of Douglas Emmett by 14.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,120 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 520 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Douglas Emmett by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 229,041 shares of the real estate investment trust’s stock worth $8,752,000 after buying an additional 1,241 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of Douglas Emmett by 6.7% in the third quarter. New Mexico Educational Retirement Board now owns 22,353 shares of the real estate investment trust’s stock worth $881,000 after buying an additional 1,400 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Douglas Emmett by 18.7% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,421 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 1,482 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Douglas Emmett by 2.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 71,432 shares of the real estate investment trust’s stock worth $2,815,000 after buying an additional 1,594 shares during the last quarter. 96.41% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on DEI. BMO Capital Markets reaffirmed a “hold” rating and issued a $39.00 price target on shares of Douglas Emmett in a report on Tuesday. Barclays raised their price target on shares of Douglas Emmett from $36.00 to $37.00 and gave the stock an “underweight” rating in a report on Tuesday, January 30th. Robert W. Baird raised their price target on shares of Douglas Emmett from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Zacks Investment Research cut shares of Douglas Emmett from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Finally, Mizuho reaffirmed a “hold” rating and issued a $41.00 price target on shares of Douglas Emmett in a report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $41.44.

Shares of Douglas Emmett, Inc. (DEI) opened at $36.34 on Wednesday. The firm has a market cap of $6,101.22, a price-to-earnings ratio of 68.57, 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 disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were paid a $0.25 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.75%. This is a positive change from Douglas Emmett’s previous quarterly dividend of $0.23. Douglas Emmett’s dividend payout ratio is presently 188.68%.

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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).

Institutional Ownership by Quarter for Douglas Emmett (NYSE:DEI)

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