Douglas Emmett, Inc. (NYSE:DEI) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Douglas Emmett, Inc. (NYSE:DEI - Free Report) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 833,426 shares of the real estate investment trust's stock after purchasing an additional 21,771 shares during the quarter. Principal Financial Group Inc. owned approximately 0.50% of Douglas Emmett worth $13,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Investment Advisors Inc. grew its position in shares of 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 buying an additional 738 shares during the last quarter. FIL Ltd grew its position in shares of Douglas Emmett by 19.0% in the 4th quarter. FIL Ltd now owns 5,546 shares of the real estate investment trust's stock valued at $103,000 after buying an additional 884 shares during the last quarter. Xponance Inc. grew its position in shares of Douglas Emmett by 8.6% in the 4th quarter. Xponance Inc. now owns 11,634 shares of the real estate investment trust's stock valued at $216,000 after buying an additional 920 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Douglas Emmett by 6.9% in the 4th quarter. HighTower Advisors LLC now owns 14,257 shares of the real estate investment trust's stock valued at $265,000 after buying an additional 922 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its position in shares of Douglas Emmett by 4.0% in the 4th 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 buying an additional 978 shares during the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

Douglas Emmett Stock Performance

Shares of DEI stock traded up $0.10 during mid-day trading on Wednesday, hitting $15.93. The stock had a trading volume of 1,336,001 shares, compared to its average volume of 1,784,003. Douglas Emmett, Inc. has a fifty-two week low of $12.39 and a fifty-two week high of $20.50. The firm has a market cap of $2.67 billion, a PE ratio of 49.79 and a beta of 1.23. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.89 and a quick ratio of 3.89. The company's 50-day simple moving average is $14.90 and its 200-day simple moving average is $15.73.

Douglas Emmett (NYSE:DEI - Get Free Report) last released its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. Douglas Emmett had a net margin of 5.48% and a return on equity of 1.48%. The company had revenue of $251.54 million during the quarter, compared to analysts' expectations of $246.49 million. During the same quarter last year, the business earned $0.45 EPS. The business's revenue was up 2.9% on a year-over-year basis. Sell-side analysts anticipate that Douglas Emmett, Inc. will post 1.45 earnings per share for the current year.

Douglas Emmett Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.77%. The ex-dividend date was Monday, June 30th. Douglas Emmett's dividend payout ratio (DPR) is 237.50%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BMO Capital Markets set a $17.00 price objective on shares of Douglas Emmett and gave the stock a "market perform" rating in a research report on Wednesday. Scotiabank lowered their price objective on shares of Douglas Emmett from $21.00 to $19.00 and set a "sector outperform" rating on the stock in a research report on Monday. Piper Sandler lowered their price objective 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. Wells Fargo & Company lowered their price objective 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, Wall Street Zen raised shares of Douglas Emmett from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Seven equities 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 stock presently has an average rating of "Hold" and a consensus target price 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.