Allianz Asset Management GmbH Raises Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Key Points

• Allianz Asset Management GmbH increased its holdings in Douglas Emmett, Inc. by 185.5% during Q1, now owning 400,920 shares valued at approximately $6.4 million.
• Analysts have given the stock a consensus rating of "Hold" with an average target price of $17.78, following a mix of upgrades and downgrades from various firms.
• Douglas Emmett announced a quarterly dividend of $0.19, yielding approximately 4.94%, with a notable dividend payout ratio of 237.50%.

Allianz Asset Management GmbH lifted its holdings in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 185.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 400,920 shares of the real estate investment trust's stock after buying an additional 260,509 shares during the period. Allianz Asset Management GmbH owned about 0.24% of Douglas Emmett worth $6,415,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in Douglas Emmett by 203.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,927 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 1,964 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in Douglas Emmett during the 4th quarter worth $56,000. Sterling Capital Management LLC grew its position in Douglas Emmett by 808.8% during the 4th quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 4,529 shares during the last quarter. FIL Ltd grew its position in 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 during the last quarter. Finally, KBC Group NV grew its position in Douglas Emmett by 39.6% during the 1st quarter. KBC Group NV now owns 9,669 shares of the real estate investment trust's stock worth $155,000 after acquiring an additional 2,743 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company's stock.

Douglas Emmett Stock Down 1.2%

NYSE DEI traded down $0.19 during mid-day trading on Thursday, reaching $15.20. The stock had a trading volume of 186,876 shares, compared to its average volume of 1,932,211. Douglas Emmett, Inc. has a 1 year low of $12.39 and a 1 year high of $20.50. The stock has a market cap of $2.55 billion, a PE ratio of 47.41 and a beta of 1.23. The company has a fifty day moving average price of $15.11 and a 200 day moving average price of $15.57. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.89 and a quick ratio of 3.89.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $251.54 million during the quarter, compared to analyst estimates of $246.49 million. Douglas Emmett had a net margin of 5.48% and a return on equity of 1.48%. The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. On average, research analysts expect that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.00%. The ex-dividend date was Monday, June 30th. Douglas Emmett's dividend payout ratio (DPR) is presently 237.50%.

Analysts Set New Price Targets

A number of research firms have commented on DEI. Scotiabank reduced their price target on Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research report on Monday, July 14th. BMO Capital Markets set a $17.00 price target on Douglas Emmett and gave the company a "market perform" rating in a research report on Wednesday, July 16th. Wells Fargo & Company dropped their price objective on Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Piper Sandler dropped their price objective on Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Finally, Wall Street Zen raised Douglas Emmett from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Douglas Emmett presently has a consensus rating of "Hold" and an average target price of $17.78.

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.