Douglas Emmett, Inc. (NYSE:DEI) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 199,700 shares of the real estate investment trust's stock after selling 211,200 shares during the period. Renaissance Technologies LLC owned about 0.12% of Douglas Emmett worth $3,706,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Douglas Emmett by 1.6% during the fourth 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 acquiring an additional 125,727 shares during the last quarter. FMR LLC raised its holdings in shares of Douglas Emmett by 59.6% during 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Douglas Emmett by 0.4% during the fourth 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 acquiring an additional 14,886 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Douglas Emmett by 130.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,684,597 shares of the real estate investment trust's stock valued at $49,826,000 after acquiring an additional 1,520,348 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Douglas Emmett by 1.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,593,909 shares of the real estate investment trust's stock valued at $29,583,000 after acquiring an additional 15,704 shares during the last quarter. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Emmett Trading Down 0.3 %

Douglas Emmett stock traded down $0.04 during mid-day trading on Monday, hitting $14.20. The company's stock had a trading volume of 1,596,556 shares, compared to its average volume of 1,701,820. The firm has a market capitalization of $2.38 billion, a PE ratio of 109.24 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 current ratio of 4.32, a quick ratio of 4.09 and a debt-to-equity ratio of 1.50. The stock's fifty day moving average is $15.36 and its two-hundred day moving average is $17.28.

Douglas Emmett (NYSE:DEI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.44. Douglas Emmett had a return on equity of 0.63% and a net margin of 2.38%. On average, analysts anticipate 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 paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's dividend payout ratio (DPR) is 584.62%.

Analysts Set New Price Targets

A number of brokerages have commented on DEI. StockNews.com cut Douglas Emmett from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Wedbush raised Douglas Emmett from a "neutral" rating to an "outperform" rating and increased their target price for the company from $19.00 to $21.00 in a report on Thursday, January 2nd. Janney Montgomery Scott restated a "neutral" rating on shares of Douglas Emmett in a research report on Wednesday, January 15th. Jefferies Financial Group initiated coverage on Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 price target for the company. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus 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.