Douglas Emmett, Inc. (NYSE:DEI) Shares Bought by Axa S.A.

AXA S.A. grew its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 669,099 shares of the real estate investment trust's stock after buying an additional 18,873 shares during the period. AXA S.A. owned 0.40% of Douglas Emmett worth $12,418,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new stake in Douglas Emmett during the fourth quarter valued at about $644,000. Northern Trust Corp boosted its stake in Douglas Emmett by 29.3% in the fourth quarter. Northern Trust Corp now owns 2,268,759 shares of the real estate investment trust's stock worth $42,108,000 after buying an additional 514,034 shares in the last quarter. Landmark Investment Partners L.P. bought a new position in Douglas Emmett during the fourth quarter valued at approximately $3,543,000. Dark Forest Capital Management LP raised its stake in shares of Douglas Emmett by 354.6% during the fourth quarter. Dark Forest Capital Management LP now owns 62,917 shares of the real estate investment trust's stock worth $1,168,000 after acquiring an additional 49,076 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Douglas Emmett by 0.4% in the 4th quarter. Hsbc Holdings PLC now owns 2,508,153 shares of the real estate investment trust's stock valued at $46,265,000 after purchasing an additional 9,876 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Douglas Emmett Price Performance

NYSE:DEI traded down $0.01 during trading hours on Friday, reaching $14.48. 2,100,111 shares of the company were exchanged, compared to its average volume of 1,702,543. The stock's 50-day moving average is $14.93 and its 200-day moving average is $17.02. Douglas Emmett, Inc. has a twelve month low of $12.39 and a twelve month high of $20.50. The firm has a market cap of $2.42 billion, a PE ratio of 111.39 and a beta of 1.21. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $246.49 million. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Douglas Emmett's revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current fiscal year.

Douglas Emmett Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.19 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 5.25%. Douglas Emmett's payout ratio is 584.62%.

Analyst Ratings Changes

Several equities research analysts have weighed in on DEI shares. Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price objective for the company in a report on Monday, January 13th. StockNews.com downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Jefferies Financial Group started coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a "hold" rating and a $16.00 target price on the stock. Finally, Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price 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.