Douglas Emmett, Inc. (NYSE:DEI) Shares Acquired by Davis Selected Advisers

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 boosted its holdings in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 115.6% in the first quarter, according to its most recent 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 period. Davis Selected Advisers owned 0.16% of Douglas Emmett worth $4,301,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Wolverine Asset Management LLC purchased a new stake in Douglas Emmett in the 1st quarter worth $88,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Douglas Emmett by 3.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 115,759 shares of the real estate investment trust's stock valued at $1,852,000 after purchasing an additional 4,078 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in shares of Douglas Emmett by 363.9% during the first quarter. Jupiter Asset Management Ltd. now owns 217,919 shares of the real estate investment trust's stock valued at $3,487,000 after purchasing an additional 170,944 shares in the last quarter. Jefferies Financial Group Inc. grew its position in shares of Douglas Emmett by 4,052.8% during the first quarter. Jefferies Financial Group Inc. now owns 682,841 shares of the real estate investment trust's stock valued at $10,925,000 after purchasing an additional 666,398 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in shares of Douglas Emmett by 14.7% during the first quarter. Natixis Advisors LLC now owns 69,190 shares of the real estate investment trust's stock valued at $1,107,000 after purchasing an additional 8,853 shares in the last quarter. Hedge funds and other institutional investors own 97.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. BMO Capital Markets set a $17.00 price target on shares of Douglas Emmett and gave the company a "market perform" rating in a report on Wednesday, July 16th. Piper Sandler lowered their price target on shares of Douglas Emmett from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Wells Fargo & Company lowered their price target on shares of Douglas Emmett from $20.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Wall Street Zen downgraded shares of Douglas Emmett from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Scotiabank lowered 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 report on Monday, July 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Douglas Emmett currently has an average rating of "Hold" and a consensus price target of $17.78.

Douglas Emmett Trading Down 0.9%

Shares of Douglas Emmett stock traded down $0.13 on Friday, hitting $14.40. 1,624,498 shares of the company traded hands, compared to its average volume of 1,561,917. The stock's 50 day moving average price is $15.19 and its 200-day moving average price is $15.42. The company has a current ratio of 3.49, a quick ratio of 3.89 and a debt-to-equity ratio of 1.55. Douglas Emmett, Inc. has a 52 week low of $12.39 and a 52 week high of $20.50. The company has a market cap of $2.41 billion, a PE ratio of 65.43 and a beta of 1.26.

Douglas Emmett (NYSE:DEI - Get Free Report) last posted its quarterly 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. Douglas Emmett had a net margin of 3.77% and a return on equity of 1.04%. The firm had revenue of $252.43 million during the quarter, compared to the consensus estimate of $250.98 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company's revenue was up 2.4% on a year-over-year basis. Equities research analysts predict that Douglas Emmett, Inc. will post 1.45 EPS for the current year.

Douglas Emmett Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued 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 dividend yield of 5.3%. Douglas Emmett's payout ratio is 345.45%.

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.