Hoylecohen LLC acquired a new stake in Douglas Emmett, Inc. (NYSE:DEI) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 33,438 shares of the real estate investment trust’s stock, valued at approximately $1,373,000.
A number of other large investors have also recently bought and sold shares of DEI. Deutsche Bank AG increased its stake in Douglas Emmett by 46.0% in the 4th quarter. Deutsche Bank AG now owns 4,969,626 shares of the real estate investment trust’s stock valued at $204,049,000 after buying an additional 1,566,613 shares during the last quarter. BlackRock Inc. increased its stake in Douglas Emmett by 6.9% in the 4th quarter. BlackRock Inc. now owns 18,558,202 shares of the real estate investment trust’s stock valued at $761,999,000 after buying an additional 1,193,815 shares during the last quarter. Cohen & Steers Inc. increased its stake 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 valued at $604,265,000 after buying an additional 1,000,650 shares during the last quarter. Renaissance Technologies LLC increased its stake in Douglas Emmett by 36.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,773,400 shares of the real estate investment trust’s stock valued at $72,816,000 after buying an additional 474,400 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Douglas Emmett by 93.2% in the 4th quarter. Millennium Management LLC now owns 982,016 shares of the real estate investment trust’s stock valued at $40,322,000 after buying an additional 473,779 shares during the last quarter. Hedge funds and other institutional investors own 98.30% of the company’s stock.
Several equities research analysts have commented on DEI shares. Zacks Investment Research upgraded shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Sandler O’Neill reiterated a “hold” rating and issued a $42.00 price objective on shares of Douglas Emmett in a research note on Tuesday, January 23rd. Robert W. Baird reiterated a “buy” rating and issued a $45.00 price objective on shares of Douglas Emmett in a research note on Tuesday, January 9th. BMO Capital Markets set a $38.00 price objective on shares of Douglas Emmett and gave the company a “hold” rating in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus decreased their price target on shares of Douglas Emmett from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $41.22.
Shares of DEI stock opened at $35.80 on Friday. Douglas Emmett, Inc. has a 12-month low of $34.72 and a 12-month high of $41.59. The company has a market cap of $6,153.55, a PE ratio of 18.84, a P/E/G ratio of 2.74 and a beta of 0.66.
Douglas Emmett (NYSE:DEI) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The company had revenue of $209.19 million for the quarter, compared to analysts’ expectations of $202.00 million. Douglas Emmett had a return on equity of 2.69% and a net margin of 12.36%. research analysts expect that Douglas Emmett, Inc. will post 1.99 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Thursday, March 29th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.79%. The ex-dividend date is Wednesday, March 28th. Douglas Emmett’s dividend payout ratio (DPR) is presently 52.63%.
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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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