Price T Rowe Associates Inc. MD Reduces Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Price T Rowe Associates Inc. MD reduced its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 47.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,702,732 shares of the real estate investment trust's stock after selling 3,342,397 shares during the quarter. Price T Rowe Associates Inc. MD owned 2.21% of Douglas Emmett worth $68,725,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DEI. FMR LLC lifted its holdings in Douglas Emmett by 59.6% in the fourth quarter. FMR LLC now owns 7,794,304 shares of the real estate investment trust's stock valued at $144,662,000 after acquiring an additional 2,910,490 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Douglas Emmett by 130.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock worth $49,826,000 after buying an additional 1,520,348 shares during the last quarter. Norges Bank purchased a new position in shares of Douglas Emmett in the fourth quarter worth approximately $23,526,000. Marshall Wace LLP bought a new stake in Douglas Emmett during the fourth quarter valued at approximately $9,045,000. Finally, Raymond James Financial Inc. purchased a new stake in Douglas Emmett during the fourth quarter valued at approximately $7,829,000. 97.37% of the stock is owned by hedge funds and other institutional investors.

Douglas Emmett Stock Up 2.0 %

DEI stock traded up $0.28 during trading on Friday, hitting $14.49. 1,025,863 shares of the company's stock traded hands, compared to its average volume of 1,699,315. The firm has a market capitalization of $2.43 billion, a P/E ratio of 111.47 and a beta of 1.09. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50. 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 $15.18 and a two-hundred day simple moving average of $17.16.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. Sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date was Monday, March 31st. Douglas Emmett's dividend payout ratio is currently 584.62%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DEI shares. Jefferies Financial Group initiated coverage on Douglas Emmett in a research note on Monday, March 17th. They issued a "hold" rating and a $16.00 price objective for the company. Piper Sandler upgraded Douglas Emmett from a "neutral" rating to an "overweight" rating and set a $20.00 price target for the company in a research report on Monday, January 13th. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Finally, StockNews.com cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. 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 stock. Based on data from MarketBeat.com, the stock 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.