Northern Trust Corp Increases Position in Douglas Emmett, Inc. (NYSE:DEI)

Northern Trust Corp increased its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,268,759 shares of the real estate investment trust's stock after acquiring an additional 514,034 shares during the quarter. Northern Trust Corp owned approximately 1.36% of Douglas Emmett worth $42,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its position in Douglas Emmett by 1.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,943,811 shares of the real estate investment trust's stock valued at $147,437,000 after purchasing an additional 125,727 shares during the last quarter. FMR LLC raised its position in Douglas Emmett by 59.6% during the 4th quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock valued at $144,662,000 after purchasing an additional 2,910,490 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Douglas Emmett by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,812,708 shares of the real estate investment trust's stock valued at $70,764,000 after purchasing an additional 14,886 shares during the last quarter. JPMorgan Chase & Co. raised its position in Douglas Emmett by 130.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after purchasing an additional 1,520,348 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Douglas Emmett by 0.4% during 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 during the last quarter. 97.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Piper Sandler raised Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 target price for the company in a research report on Monday, January 13th. StockNews.com lowered Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Jefferies Financial Group assumed coverage on Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 target price for the company. Finally, Janney Montgomery Scott reissued a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. 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 MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $18.50.

Douglas Emmett Stock Up 3.7%

DEI traded up $0.54 during trading on Monday, hitting $15.05. 2,390,987 shares of the company's stock traded hands, compared to its average volume of 1,705,297. The company's 50 day simple moving average is $14.93 and its two-hundred day simple moving average is $17.01. 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, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 115.74 and a beta of 1.21.

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

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 5.05%. Douglas Emmett's payout ratio is presently 237.50%.

About Douglas Emmett

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.