Bank of America Corp DE Acquires 181,909 Shares of Douglas Emmett, Inc. (NYSE:DEI)

Bank of America Corp DE boosted its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 42.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 609,662 shares of the real estate investment trust's stock after acquiring an additional 181,909 shares during the quarter. Bank of America Corp DE owned 0.36% of Douglas Emmett worth $11,315,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in 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 valued at $54,000 after acquiring an additional 1,964 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Douglas Emmett by 222.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,252 shares of the real estate investment trust's stock valued at $79,000 after acquiring an additional 2,933 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Douglas Emmett by 30.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 5,028 shares of the real estate investment trust's stock worth $93,000 after buying an additional 1,172 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of 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 buying an additional 4,529 shares in the last quarter. Finally, FIL Ltd lifted its position 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 buying an additional 884 shares in the last quarter. Institutional investors own 97.37% of the company's stock.

Douglas Emmett Stock Performance

NYSE:DEI traded down $0.24 on Wednesday, reaching $14.24. 470,786 shares of the company's stock were exchanged, compared to its average volume of 1,735,989. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 109.90 and a beta of 1.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.32 and a quick ratio of 4.09. The stock has a fifty day simple moving average of $14.53 and a 200-day simple moving average of $16.70. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50.

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

Douglas Emmett Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.19 per share. The ex-dividend date was Monday, March 31st. This represents a $0.76 dividend on an annualized basis and a yield of 5.34%. Douglas Emmett's payout ratio is 237.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Jefferies Financial Group assumed coverage on shares of Douglas Emmett in a research report on Monday, March 17th. They set a "hold" rating and a $16.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Finally, Piper Sandler dropped their target price on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Douglas Emmett has a consensus rating of "Hold" and an average price target of $18.13.

About Douglas Emmett

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.