Davis Selected Advisers Boosts Stock Holdings in Douglas Emmett, Inc. (NYSE:DEI)

Key Points

• Davis Selected Advisers increased its stake in Douglas Emmett, Inc. by 115.6%, acquiring an additional 144,130 shares, totaling 268,820 shares valued at approximately $4.3 million.
• Douglas Emmett's stock is currently priced at $14.53 with a market capitalization of $2.43 billion, amid a recent 1.1% decline in shares.
• The company announced a quarterly dividend of $0.19 per share, indicating a high payout ratio of 237.50% and an annualized dividend yield of 5.2%.

Davis Selected Advisers grew its stake in shares of Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 115.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 268,820 shares of the real estate investment trust's stock after buying an additional 144,130 shares during the quarter. Davis Selected Advisers owned 0.16% of Douglas Emmett worth $4,301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DEI. Tower Research Capital LLC TRC raised 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 worth $54,000 after purchasing an additional 1,964 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Douglas Emmett during the 4th quarter valued at about $56,000. Sterling Capital Management LLC boosted its stake 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 worth $94,000 after acquiring an additional 4,529 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Douglas Emmett during the first quarter worth about $88,000. Finally, FIL Ltd boosted its stake 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 worth $103,000 after acquiring an additional 884 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Douglas Emmett Price Performance

DEI stock traded up $0.41 during trading on Tuesday, hitting $14.47. 516,923 shares of the company's stock traded hands, compared to its average volume of 1,939,304. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 65.75 and a beta of 1.26. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.89 and a current ratio of 3.49. The business has a fifty day simple moving average of $15.19 and a 200 day simple moving average of $15.40.

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

Douglas Emmett Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DEI shares. BMO Capital Markets set a $17.00 target price on shares of Douglas Emmett and gave the stock a "market perform" rating in a report on Wednesday, July 16th. Scotiabank reduced their target price on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating for the company in a report on Monday, July 14th. Wall Street Zen cut shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Saturday. Piper Sandler reduced 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, May 23rd. Finally, Wells Fargo & Company dropped their target price on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Douglas Emmett currently has an average rating of "Hold" and a consensus price target of $17.78.

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.