Ameriprise Financial Inc. Lowers Stock Position in Douglas Emmett, Inc. (NYSE:DEI)

Ameriprise Financial Inc. decreased its position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 432,661 shares of the real estate investment trust's stock after selling 72,474 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.26% of Douglas Emmett worth $8,038,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DEI. Tower Research Capital LLC TRC boosted its holdings in shares of Douglas Emmett by 203.9% in 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 buying an additional 1,964 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Douglas Emmett by 222.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock valued at $79,000 after purchasing an additional 2,933 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in Douglas Emmett by 30.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock valued at $93,000 after purchasing an additional 1,172 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Douglas Emmett by 808.8% during the fourth quarter. Sterling Capital Management LLC now owns 5,089 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 4,529 shares during the last quarter. Finally, FIL Ltd lifted its holdings in Douglas Emmett by 19.0% during the fourth quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock valued at $103,000 after purchasing an additional 884 shares during the last quarter. Institutional investors own 97.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Jefferies Financial Group began coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They issued a "hold" rating and a $16.00 price objective on the stock. Piper Sandler cut their price objective on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Wells Fargo & Company cut their price objective on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $18.13.

Douglas Emmett Trading Up 3.7%

DEI stock traded up $0.51 on Tuesday, reaching $14.50. The company's stock had a trading volume of 1,599,369 shares, compared to its average volume of 1,740,794. The business has a fifty day simple moving average of $14.53 and a two-hundred day simple moving average of $16.70. Douglas Emmett, Inc. has a 12-month low of $12.39 and a 12-month high of $20.50. The firm has a market cap of $2.43 billion, a PE ratio of 111.56 and a beta of 1.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 4.09 and a current ratio of 4.32.

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

Douglas Emmett Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend was Monday, March 31st. Douglas Emmett's payout ratio is 237.50%.

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.