Centersquare Investment Management LLC Has $848,000 Position in Douglas Emmett, Inc. (NYSE:DEI)

Key Points

• Centersquare Investment Management LLC reduced its stake in Douglas Emmett, Inc. by 95.8%, selling 1,202,020 shares and bringing its holdings down to 53,000 shares valued at $848,000.
• Douglas Emmett recently announced a quarterly dividend of $0.19 per share, representing a 5.0% dividend yield with a payout ratio of 237.50%.
• The stock is currently rated "Hold" by analysts with a consensus price target of $17.78, while the stock price has fluctuated between $12.39 and $20.50 over the past year.

Centersquare Investment Management LLC trimmed its position in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 95.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,000 shares of the real estate investment trust's stock after selling 1,202,020 shares during the period. Centersquare Investment Management LLC's holdings in Douglas Emmett were worth $848,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in DEI. Summit Investment Advisors Inc. raised its holdings in Douglas Emmett by 4.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 16,895 shares of the real estate investment trust's stock valued at $314,000 after acquiring an additional 738 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Douglas Emmett by 7.6% during the first quarter. Cetera Investment Advisers now owns 11,454 shares of the real estate investment trust's stock valued at $183,000 after purchasing an additional 809 shares during the period. FIL Ltd increased its position in shares of 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 period. Nissay Asset Management Corp Japan ADV raised its stake in shares of Douglas Emmett by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 25,333 shares of the real estate investment trust's stock valued at $472,000 after purchasing an additional 978 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Douglas Emmett by 6.7% in the fourth quarter. Stifel Financial Corp now owns 18,976 shares of the real estate investment trust's stock valued at $352,000 after purchasing an additional 1,193 shares in the last quarter. 97.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Douglas Emmett Price Performance

DEI stock traded down $0.13 during midday trading on Friday, reaching $14.40. 1,624,498 shares of the company's stock traded hands, compared to its average volume of 1,950,513. The company has a 50-day simple moving average of $15.19 and a two-hundred day simple moving average of $15.47. The company has a quick ratio of 3.89, a current ratio of 3.49 and a debt-to-equity ratio of 1.55. Douglas Emmett, Inc. has a 1-year low of $12.39 and a 1-year high of $20.50. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 65.43 and a beta of 1.26.

Douglas Emmett (NYSE:DEI - Get Free Report) last announced its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Douglas Emmett had a return on equity of 1.04% and a net margin of 3.77%. The company had revenue of $252.43 million for the quarter, compared to analysts' expectations of $250.98 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business's revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.3%. Douglas Emmett's payout ratio is currently 345.45%.

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.