Douglas Emmett, Inc. (NYSE:DEI) Stock Position Reduced by First Eagle Investment Management LLC

First Eagle Investment Management LLC trimmed its stake in shares of Douglas Emmett, Inc. (NYSE:DEI) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,281,204 shares of the real estate investment trust’s stock after selling 355,768 shares during the quarter. First Eagle Investment Management LLC owned about 7.93% of Douglas Emmett worth $246,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DEI. Victory Capital Management Inc. raised its position in shares of Douglas Emmett by 4,395.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,578,205 shares of the real estate investment trust’s stock worth $27,729,000 after purchasing an additional 1,543,099 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Douglas Emmett by 379.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,085,427 shares of the real estate investment trust’s stock valued at $19,071,000 after acquiring an additional 858,857 shares during the period. Raymond James Financial Inc. acquired a new stake in Douglas Emmett in the 4th quarter valued at approximately $7,829,000. FMR LLC increased its position in Douglas Emmett by 8.5% in the 3rd quarter. FMR LLC now owns 4,883,814 shares of the real estate investment trust’s stock valued at $85,809,000 after acquiring an additional 384,371 shares during the period. Finally, NFJ Investment Group LLC acquired a new stake in Douglas Emmett in the 3rd quarter valued at approximately $6,210,000. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on DEI. StockNews.com cut Douglas Emmett from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Piper Sandler upgraded Douglas Emmett from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Monday, January 13th. Wedbush upgraded Douglas Emmett from a “neutral” rating to an “outperform” rating and raised their target price for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. Janney Montgomery Scott reiterated a “neutral” rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group lifted their price target on Douglas Emmett from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.75.

Douglas Emmett Stock Performance

DEI opened at $15.42 on Friday. The firm has a market cap of $2.58 billion, a PE ratio of 118.60 and a beta of 1.13. The company has a quick ratio of 4.09, a current ratio of 4.32 and a debt-to-equity ratio of 1.50. The business has a fifty day simple moving average of $17.13 and a 200-day simple moving average of $17.74. Douglas Emmett, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $20.50.

Douglas Emmett (NYSE:DEI) last released its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. As a group, equities analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Monday, March 31st. Douglas Emmett’s dividend payout ratio is presently 584.62%.

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.