Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in Douglas Emmett, Inc. (NYSE:DEI) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,818,084 shares of the real estate investment trust’s stock after selling 272,114 shares during the period. Massachusetts Financial Services Co. MA owned approximately 4.67% of Douglas Emmett worth $137,364,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Douglas Emmett by 4,395.5% in the third quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock worth $27,729,000 after acquiring an additional 1,543,099 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Douglas Emmett in the second quarter valued at about $3,825,000. Neo Ivy Capital Management acquired a new position in shares of Douglas Emmett during the second quarter worth about $2,573,000. Dimensional Fund Advisors LP boosted its position in shares of Douglas Emmett by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,495,263 shares of the real estate investment trust’s stock worth $33,212,000 after buying an additional 186,385 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Douglas Emmett by 105.3% in the third quarter. SG Americas Securities LLC now owns 322,585 shares of the real estate investment trust’s stock valued at $5,668,000 after buying an additional 165,429 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company’s stock.

Analysts Set New Price Targets

DEI has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Douglas Emmett from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Piper Sandler lifted their price target on shares of Douglas Emmett from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Citigroup upped their price objective on shares of Douglas Emmett from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company lifted their target price on Douglas Emmett from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, Evercore ISI increased their price target on Douglas Emmett from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.43.

Douglas Emmett Price Performance

DEI opened at $19.32 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.09 and a current ratio of 4.09. Douglas Emmett, Inc. has a 1-year low of $11.08 and a 1-year high of $19.59. The company has a 50-day moving average of $18.06 and a 200-day moving average of $15.73. The company has a market capitalization of $3.23 billion, a P/E ratio of -193.20 and a beta of 1.10.

Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.38). Douglas Emmett had a negative net margin of 1.68% and a negative return on equity of 0.43%. The firm had revenue of $250.75 million during the quarter, compared to the consensus estimate of $242.75 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts expect that Douglas Emmett, Inc. will post 1.7 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Monday, September 30th. Douglas Emmett’s dividend payout ratio (DPR) is presently -760.00%.

Douglas Emmett 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.