Mercer Global Advisors Inc. ADV Invests $644,000 in Douglas Emmett, Inc. (NYSE:DEI)

Mercer Global Advisors Inc. ADV acquired a new position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 34,709 shares of the real estate investment trust's stock, valued at approximately $644,000.

A number of other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in Douglas Emmett by 203.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 1,964 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Douglas Emmett by 222.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock worth $79,000 after buying an additional 2,933 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Douglas Emmett by 19.7% in the fourth quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 750 shares during the period. Raleigh Capital Management Inc. raised its stake in Douglas Emmett by 30.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in Douglas Emmett by 808.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock worth $94,000 after buying an additional 4,529 shares in the last quarter. Institutional investors own 97.37% of the company's stock.

Douglas Emmett Price Performance

Shares of DEI traded down $0.35 during mid-day trading on Wednesday, reaching $14.46. The company had a trading volume of 2,044,116 shares, compared to its average volume of 1,711,731. The company's 50 day simple moving average is $14.86 and its 200 day simple moving average is $16.97. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 111.24 and a beta of 1.21. Douglas Emmett, Inc. has a 1-year low of $12.39 and a 1-year high of $20.50. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $251.54 million during the quarter, compared to the consensus estimate of $246.49 million. Douglas Emmett had a net margin of 2.38% and a return on equity of 0.63%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. Analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.76 annualized dividend and a yield of 5.26%. Douglas Emmett's payout ratio is 237.50%.

Analyst Upgrades and Downgrades

DEI has been the subject of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Douglas Emmett in a research report on Monday, March 17th. They set a "hold" rating and a $16.00 target price for the company. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. Finally, StockNews.com upgraded shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Douglas Emmett presently has an average rating of "Hold" and an average price target of $18.50.

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.