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

Price T Rowe Associates Inc. MD trimmed its position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 47.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 approximately 2.21% of Douglas Emmett worth $68,725,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Summit Investment Advisors Inc. raised its holdings in Douglas Emmett by 4.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust's stock worth $314,000 after buying an additional 738 shares during the period. GAMMA Investing LLC increased its holdings in Douglas Emmett by 19.7% during the 4th quarter. GAMMA Investing LLC now owns 4,561 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Douglas Emmett by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 182,461 shares of the real estate investment trust's stock valued at $3,386,000 after purchasing an additional 860 shares in the last quarter. FIL Ltd grew its stake in shares of Douglas Emmett by 19.0% during the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock worth $103,000 after acquiring an additional 884 shares in the last quarter. Finally, Xponance Inc. increased its stake in shares of Douglas Emmett by 8.6% during the 4th quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust's stock worth $216,000 after purchasing an additional 920 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

Douglas Emmett Stock Performance

NYSE DEI traded up $0.28 on Friday, reaching $14.49. 1,025,863 shares of the stock were exchanged, compared to its average volume of 1,695,551. The firm has a market capitalization of $2.43 billion, a PE ratio of 111.47 and a beta of 1.09. The company has a current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The company's 50-day simple moving average is $15.22 and its two-hundred day simple moving average is $17.21. Douglas Emmett, Inc. has a one year low of $12.39 and a one year high of $20.50.

Douglas Emmett (NYSE:DEI - Get Free Report) last released 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 net margin of 2.38% and a return on equity of 0.63%. Analysts expect that Douglas Emmett, Inc. will post 1.45 EPS for the current fiscal year.

Douglas Emmett Announces Dividend

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

Analyst Ratings Changes

DEI has been the topic of a number of recent research reports. Jefferies Financial Group assumed coverage on Douglas Emmett in a research note on Monday, March 17th. They set a "hold" rating and a $16.00 price objective on the stock. StockNews.com downgraded Douglas Emmett from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. 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. Finally, Wedbush upgraded Douglas Emmett from a "neutral" rating to an "outperform" rating and upped their price target for the company from $19.00 to $21.00 in a research report on Thursday, January 2nd. One equities 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $18.50.

Douglas Emmett 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.